SUMMARY: Impact of the new stimulus package on '08 tax return
By Deepa Rajan
(Dauphin Realty )
Hello friends, I thought this might help you understand the changes the new economic stimulus package will have on our 08 tax returns. I found this on Fidelity web site. Please feel free to forward. Deepa Rajan Tax-Saving Ideas for Your '08 Return Opportunities to consider By Rick Sauder February 27, 2009 To provide some relief for taxpayers hit by the economic downturn, Congress created several new tax-saving opportunities and continued a handful of popular deductions that would have expired. Here's a look at some of the items tax experts recommend that you give some extra attention. 1. Contribute to your IRA. A Traditional IRA is one of the few ways you can reduce taxable income in a previous year after it has ended, says Jeff Schnepper, a tax attorney and author from Cherry Hill, N...