Block on Trump's Asylum Ban Upheld by Supreme Court
Congress has passed a "fiscal cliff" deal that will temporarily avert severe tax hikes and spending cuts.
The agreement can be considered a victory of sorts for President Barack Obama, who had promised to address the country's severe budget issues by raising taxes on the wealthiest Americans, reports the Chicago Tribune.
But while the tax deal was touted as taxing the richest Americans, the rest of us may also see a higher tax bill in 2013. In fact, it's estimated that 77 percent of Americans will see higher taxes this year under the deal.
So as you read more about the the bill passed by Congress on New Year's Day (available via the Library of Congress' website), you may be interested in knowing just what the "fiscal cliff" deal means for you. Here are some ways you may see your tax bill increase:
If you have specific questions about how the new fiscal cliff deal affects you, you may want to contact an accountant or tax attorney.
Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.
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