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ac186bab57 2015 Standard Deduction and Personal Exemption Filing Status Deduction Amount Single $ 6,300.00 Married Filing Jointly $ 12,600.00 Head of Household $ 9,250.00 Personal Exemption $ 4,000.00 Source: Authors calculations. Skip to main content . The standard deduction is subtracted from your Adjusted Gross Income (AGI), thereby reducing your taxable income. 1997-2015 Intuit, Inc. 194 Key Findings While the corporate tax. For example, if you claim the standard deduction, you cannot itemize deductions and vice versa (if you itemize deductions, you cannot claim the standard deduction).
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