Your filing status. Every taxpayer who does not itemize their deductions is eligible to claim a standard deduction. Federal law determines the amount of these deductions each year and bases the amount you can claim on your filing status. In 2014, if you file single or married filing separately, your standard deduction is $6,200; if head of household the amount increases to $9,100.
A master's degree in education varies in tuition cost, depending on the university you attend. The average tuition cost for public (state) schools is around $15,000 (less for residents), while the average cost at a private school is $35,000, and online schools average $18,000. (All figures are as of 2011.).he Average Cost of a Masters Degree in Education. A master's degree in education varies in tuition cost, depending on the university...
However, the actual figure depends largely on your field of study. The average masterâs degree holder will make an additional $180,010. For individuals with a masterâs in business or engineering, this number shoots up to around $375,000.hen planning your budget with the intention of pursuing a masterâs degree, itâs important to consider any additional expenses or discounts you might incur. Some universities, such as Princeton, will subsidize housing for graduate students; an apartment normally costing $1,600 per month might only cost $600 to $700.