8 tax goodies in the bailout plan

The $700 billion bill offers more than just relief for the banking system – it’s a sweet deal for John Q. Taxpayer too.

By now you’re well aware that the government recently approved a bill aimed to rescue America’s financial system. But in addition to approving billions to prop up banks, it also includes significant tax benefits for individuals.

Buried in the 400+ page plan are more than $150 billion in individual and business tax breaks, including some new credits and extensions for many benefits set to expire, according to CCH, a tax information and software provider.

Full Story: http://money.cnn.com/2008/10/15/news/economy/bailout_tax_credits.moneymag/index.htm?postversion=2008101511