• Single or Married Filing Separately $5,950 (If 65 or older, $7,400)
• Married $11,900 (If 65 or older, $13,050; if both spouses 65 or older, $14,200)
• Head of Household $8,700 (If 65 or older, $10,150)
• Blind receive $1,150 more ($1,450 if unmarried and no surviving spouse) 

Child Tax Credit

• Worth up to $1,000 per eligible child and remains fully refundable for taxpayers with an earned income of over $3,000 for 2012

Adoption Credit

• Worth a maximum of $13,360 for 2011 returns and up to $12,650 for 2012

Expanded Earned Income Credit

• Up to $5,891 for families with 3 or more qualifying children for 2012. The actual credit is based on filing status, number of qualifying children, and income level.

• Phased out at $50,270 AGI if married filing jointly with 3 or more qualifying children.

Expanded Child and Dependent Care Credit

• Maximum amount of qualifying expenses is $3,000 per qualifying dependent or $6,000 for 2 or more qualifying dependents

Home Owners

• Mortgage insurance premiums paid on a qualified mortgage can be deducted as mortgage interest for 2011, subject to the taxpayer's adjusted gross income.
  

Residential Energy Efficient Property Credit

• Credit of 30% for expenditures related to larger residential energy improvements (solar hot water property, geothermal heat pumps and wind energy property) placed in service before Dec. 31, 2016

• Limit on credit amount removed for solar electric property

• Credit caps are also eliminated for qualified solar water heating, geothermal pumps, and small energy property; $500 cap for each half kilowatt of capacity of the qualified fuel cell property.

Education Credits

• Maximum credit of $2,500 per student in 2011 and 2012 for tuition, fees and course materials for the first 4 years of post-secondary education in a degree certificate.  Phased out at adjusted gross income of 80.000 and higher for single income and 160,000 for married filing jointly. 

Mileage for Vehicles Used For Business Purposes or Charity
From January 1st to June 30th 2011, the standard mileage rates for the use of a vehicle was:

• $0.555 per mile for business miles driven;

• $0.23 per mile driven for medical or moving purposes; and

• $0.14 per mile driven in service to a charitable organization.

Green Vehicle: Plug-in Electric Drive Vehicle Credit

• Credit ranging from $2,500 to $7,500 for qualified plug in electic vehicles  placed in service during 2012.
• Credit phases out when manufacturers sell at least 200,000 vehicles. Vehicle's battery capacity must be at least 4 kilowatt hours – credit amount increases for each kilowatt hour above 5

• Up to $2,500 of the cost of a qualified plug-in electric vehicle placed in service during the taxable year.  Credit applies to purchases made after Feb. 17, 2009 and before Jan. 1, 2012

• Up to $4,000; needs to be in service after Feb. 17, 2009 and before Jan. 1, 2012.  Can possibly claim even if the vehicle qualified for a previous hybrid credit