2. The HSA annual deductible contribution limit for 2011 is $3,050 for individuals and $6,150 for families.
3. The American Opportunity Education Credit was extended for 2011; the maximum benefit is $2,500.
4. For the 2011 payroll tax holiday, social security tax withholding will be 4.2 percent, down from 6.2 percent. This will save the average taxpayer $1,000.
5. Don’t forget to use up the funds in your flexible-spending account (FSA) before the end of the year. You are not allowed to roll over this money, so use it or lose it.
6. Maximum 401(k) contributions remain unchanged at $16,500 for 2011.
7. For your 2011 return, the maximum credit you can claim for installing energy-saving windows, doors, roofs or other eligible improvements or property is $500 ($200 for windows). Be aware the amount you claimed for the credit in 2006, 2007, 2009 or 2010 will reduce the amount you can claim in 2011.
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