First adopted in 1975, the Federal Rules of Evidence codify the evidence law that applies in United States federal courts.
There are some cases where adjustments should be made to the standard deduction. For example, if you are 65 or older, or if you are blind, the standard deduction increases. To lower your tax burden this year by up to $5,000, consider opening up an IRA (Individual Retirement Account). Mint.com has an IRA wizard that can show you what kind of IRA to open and where to open it. The personal exemption is another deduction to your income that you can take for yourself and for any dependents.
1 Exemptions cut income. 2  There are two types of exemptions. 3  The first type is a personal exemption. 4  The second type is an exemption for a dependent. 5  You can usually deduct $3,950 for each exemption you claim on your 2014 tax return.