By Michael Bohigian, EA The American Taxpayer Relief Act of 2012 rescued the vast majority of Americans from the tax edge of the “fiscal cliff” and the steep tax increases scheduled to kick in as the Bush tax cuts expired at the end of 2012. This legislation, however, did not entirely spare high-income earners. Here… Continue reading THE NEW AMERICAN TAXPAYER RELIEF ACT: HOW MUCH RELIEF IS IN IT FOR YOU?
Tag: AGI
Supreme Court upholds PPACA; Tax Increases in Store for 2013
On June 28th, the Supreme Court upheld most of the provisions of The Patient Protection and Affordable Care Act. Here are some of the tax increases that might affect you starting in 2013: Increased and Expanded Medicare Taxes High-income taxpayers will be paying higher Medicare taxes. Under the current rules, individuals have Medicare taxes withheld… Continue reading Supreme Court upholds PPACA; Tax Increases in Store for 2013