My best example of savings in 2010 are for the the tax payers, who were first time buyers or buyers of a new home, as their primary house in which they live, are receiving a tax credit for up to less then 5% of their purchase price not to exceed $10,000! Tax payers have to apply for the credit in equal amounts over the 3 successive tax years beginning in the year they purchased their home. That means they are receiving up to a $3,333 credit per year just from buying their first home.
This example of course is not to say to run out to buy your first home- as those come with a lot of their own expenses- but be aware of your tax credits! Ask your accountant or look at your state's website. Here in CA, find out information here: www.ftb.ca.gov.
