For 2010, personal exemptions and standard deductions will change only slightly to reflect inflation adjustments. Many levels will remain consistent with 2009.
The Internal Revenue Service has announced a number of new steps to help financially distressed taxpayers maximize their refunds and speed payments while providing additional help to people struggling to meet their tax obligations.
If possible, delay energy efficient home improvement projects into 2009 to receive a tax credit. In October 2008, President Bush signed the "Emergency Economic Stabilization Act of 2008". This law extends the tax credit for energy-efficient existing home improvements for 2009.
