Check out the 2015-2016 Tax Facts section for tables for rates and deductions.
Read more from our specialized sections on:

• The Affordable Care Act (or "Obamacare");
• Energy Credits are still available for 2015 & 2016 tax returns;
• Strategies for High-Income Earners;
• Education Credits.

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Letter to Clients: 2015      Tax Preparation Checklist: 2015   

Solar, wind, and geothermal energy credits for certain improvements have been extended through Dec 31st of 2016. The credit is equal to 30% of the cost of the following property:

• Solar Energy Systems (water heating and electricity)
• Fuel Cells (natural gas is converted to electricity and heat for water)
• Small Wind Energy Systems (turbines used to produce electricity for one building)
• Geothermal Heat Pumps (uses Earth's natural heat to heat fluid which is pumped through your home)

Details of the 30% Credit

• Credit is available only for principal residences and second homes.
• The cost includes labor costs for onsite preparation, assembly of and installation of the unit, and the piping or wiring required to connect the unit to the home.
• Credit is available for new construction as well as for improvements to existing homes.
• Taxpayers can rely on the manufacturer's statement to certify the property's qualification for the credit.
• There is no cap on the amount of the credit if the items are purchased afterJanuary 1, 2009, and this credit is not phased out by income levels.

For more information on the energy credit, visit this informative government site:
http://www.energystar.gov/index.cfm?c=tax_credits.tx_index.