Here come the tax cuts, layoff list of 2009, boost your tax refund - Today in Money 1/27

In the News:

· Corning to Cut 3,500 Jobs

· DuPont Swings to Loss in 4Q

· Fannie Mae May Need Up to $16 Billion More of Government Aid

· Verizon Profit Gains Even as Wireless Slows

· Recession Wreaking Havoc on Labor Market as Over 50,000 Jobs Slashed Monday Alone

· American Express Earnings Fall 79%

· Under Armour Reboots and Takes on Nike

· US Airways Passengers on Crashed Flight Get $5,000 Each; Is It Enough?

· Agape World Founder Arrested for Suspicion of Running $380 Million Ponzi Scheme

· Taco Bell Ordered to Pay Chihuahua Creators $42 Million

· Chicken Parts or Pond Scum as Jet Fuel? It's Possible

· Bailed Out Citi Denies Report They Are Buying a $50 Million Jet

Here Come the Tax Cuts
The new Congress will hit the ground running on tax cuts. House taxwriters have already approved a big package to help jump-start the economy and get extra money into taxpayers' wallets, and the Senate will follow soon, with the goal of getting a bill to President Obama's desk by mid-February. Here are the tax breaks individuals can expect if the bill passes.
http://money.cnn.com/2009/01/26/news/economy/stimulus_101/index.htm?postversion=2009012617

Layoff List of 2009
We aren't even one month into the year and already the number of firms announcing layoffs has grown pretty long. See which companies are on the list (so far).
http://www.cnbc.com/id/28855731

Boost Your Tax Refund: 4 Credits Worth Pursuing
Tap into of one of these credits and save hundreds on your tax bill.
http://www.smartmoney.com/Personal-Finance/Taxes/Boost-Your-Tax-Refund-4-Credits-Worth-Pursuing/

11 Most Outrageous Deductions
What do pet food, a trip to Bermuda, body oil, breast augmentation, beer, a swimming pool and a girl friend have in common? They are all items that people have successfully gotten tax deductions for. Sometimes, despite objections from IRS, taxpayers get to write off some oddball items. Here are some of Kiplinger's favorites.
http://www.kiplinger.com/features/archives/2007/02/zany.html?kipad_id=44

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