This only proves how people had been victim of recession. Industry analysts are predicting that a tangible change in the economy won't be seen until mid-2010, but there are still some things you can do to lessen your tax liability this year. For any taxpayer who believes that he or she may have a large tax liability for 2009, it's useful to know what the rules are for taking deductions. They can make the difference between having to get payday loans to come up with a substantial amount of money, breaking even, and even getting a refund. Before you decide anything about your tax report or deductions to claim, consult with a licensed and experienced tax professional.