We all like the sound of valuable tax breaks for businesses. But what if you have a large family? A lot of piglets around the trough? Good news for you too. On February 7, Congress passed the Economic Stimulus Act of 2008, which President Bush signs this week. If you have a large family, and there is no cap on the number of children, you qualify for an additional $300 for each qualifying child. The definition of a qualifying child is the one used for purposes of claiming the child tax credit outlined by the IRS regulatons. Specifically, the child must under age 17 as of December 31 and be the taxpayer's qualifying child for dependency exemption deduction purposes. In addition, the child must be either the taxpayer's son, daughter, stepson, or stepdaughter. Or a descendent of someone such as the taxpayer's grandchild. Or the taxpayer's brother, sister, stepbrother, or stepsister. Or a descendent of your brother, sister, step brother or step sister such as the taxpayer's niece or nephew. This could mean a big help for some with unique family situations so this act is way way more than just a check being mailed out and that's it. As with any tax advice, you let the folks you circle with know that there is more than the check's in the mail provision. Check with a tax accountant or tax attorney for clarification on how everyone can benefit from the legislation. If you are in Rotary or some other civic group, while not have a member that is a CPA outline the specific changes to prepare for them before being in the hot seat with a clock ticking come April 15th of that tax year! How many piglets are you able to deduct when you stop and think about it?