Floridians will see some perks from the bailout, particularly with personal tax deductions. Short-selling homeowners will get a federal income tax break on certain mortgage debt that their lender forgives before Jan. 1, 2013. However, the new legislation directs lenders to a voluntary loan modification program, and lenders are not voluntarily rearranging enough loans to stop the foreclosure crisis. Homeowners who don’t itemize on their taxes can take an extra deduction to cover the amount of their property taxes. The deduction is up to $500 for individuals and $1,000 for married couples. The law approved Friday allows you to use this deduction in 2009 as well.