• Single or Married Filing Separately: $6,100 

• Married Filing Jointly: $12,200 

• Head of Household: $8,950

• Personal Exemptions Each Dependent: $3,900

Child Tax Credit

• Worth up to $1,000 per eligible child 

Adoption Credit

• Maximum credit of $12,970 

Earned Income Credit (EIC)

• Self only credit is $487

• 1 child credit is $3,250

• 2 children credit is $5,372

• 3 or more children maximum credit is $5,372  

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

• No Forgiveness Debt Income Reporting for Short Sold Home in 2013.

• Deduction on Mortgage Interest and Mortgage Insurance

Education Credits

• The American Opportunity Tax Credit expanded on the Hope Credit. The income limits are higher, the credit is available for more qualified expenses, and you can use the credit for four years of post-secondary education instead of just two. In addition, you can even get a refund if you don't owe any tax for up to 40% of the credit ($1,000). 

Mileage for Vehicles Used For Business Purposes or Charity

• $0.565 per mile for business miles driven;

• $0.24 per mile driven for medical or moving purposes; and

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

High Income Households

• If adjusted gross income is over $250,000 if filling single or $300,000 if filing jointly or $275,000 for head of household, or $150,000 if you are married filing separately, your personal exemptions are reduced by 2% for each $2,500 or portion over these amounts.