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Contents What's New . . . . . . . . . . . . . . . . . . 1 Reminders . . . . . . . . . . . . . . . . . . . 1 Introduction . . . . . . . . . . . . . . . . . . 2 Who Must File . . . . . . . . . . . . . . . . . 3 Who Should File . . . . . . . . . . . . . . . 5 Filing Status . . . . . . . . . . . . . . . . . . 6 Exemptions . . . . . . . . . . . . . . . . . 11 Exemptions for Dependents . . . . . . . 11 Phaseout of Exemptions . . . . . . . . . 23 Social Security Numbers for Dependents . . . . . . . . . . . . . . 23 Standard Deduction . . . . . . . . . . . . 23 2014 Standard Deduction Tables . . . . . . . . . . . . . . . . 26 How To Get Tax Help . . . . . . . . . . . 27 Index . . . . . . . . . . . . . . . . . . . . . 29 What's New Who must file. In some cases, the amount of income you can receive before you must file a tax return has increased. Table 1 shows the fil ing requirements for most taxpayers. Exemption amount. The amount you can de duct for each exemption has increased. It was $3,900 for 2013. It is $3,950 for 2014. Exemption phaseout. You lose at least part of the benefit of your exemptions if your adjusted gross income is above a certain amount. For 2014, the phaseout begins at $152,525 for mar ried individuals filing separate returns; $254,200 for single individuals; $279,650 for heads of household; and $305,050 for married individuals filing joint returns or qualifying widow(er)s. See Phaseout of Exemptions, later. Standard deduction increased. The stand ard deduction for some taxpayers who do not itemize their deductions on Schedule A of Form 1040 is higher for 2014 than it was for 2013. The amount depends on your filing status. You can use the 2014 Standard Deduction Tables near the end of this publication to figure your standard deduction. Reminders Future developments. Information about any future developments affecting Publication 501 (such as legislation enacted after we release it) will be posted at www.irs.gov/pub501. Taxpayer identification number for aliens. If you are a nonresident or resident alien and you do not have and are not eligible to get a so cial security number (SSN), you must apply for Department of the Treasury Internal Revenue Service Publication 501 Cat. No. 15000U Exemptions, Standard Deduction, and Filing Information For use in preparing 2014 Returns Get forms and other information faster and easier at: • IRS.gov (English) • IRS.gov/Spanish (Español) • IRS.gov/Chinese (中文) • IRS.gov/Korean (한국어) • IRS.gov/Russian (Pусский) • IRS.gov/Vietnamese (TiếngViệt) Dec 20, 2014