How the Fiscal Cliff deal affects your tax situation
The Fiscal Cliff deal Congress passed shortly after New Year affects your tax situation for both 2012 and 2013 (and beyond). Here is a breakdown: Income Tax Rates The Bush era tax rate cuts enacted in 2001 and 2003 are permanently extended for single filers with taxable incomes below $400,000 and joint filers with taxable incomes[…]