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Thursday, January 3, 2013

Taxes

News                                                                                                                             
CNN Money | Your taxes under the fiscal cliff deal
The fiscal cliff deal contains a wide array of tax provisions that will affect taxpayers. Here's the list of what is -- and isn't -- in the agreement
Politico | Dems done hiking tax rates?
The fiscal cliff deal handed Democrats a tax victory years in the making, but it also means the party will need a new playbook for the budget battles that lie ahead.
CNN Money | No word on tax refunds
Congress' late action on the fiscal cliff tax provisions has caused headaches for the Internal Revenue Service, which now has to program its systems and issue tax forms based on the revised laws. It has not announced when taxpayers can start filing their 2012 returns, which means refunds will most likely be delayed. Filing usually begins in mid-January.
Bloomberg | Budget Deal Lets More Savers Switch to Roth 401(k): Taxes
U.S. workers willing to take tax pain today in exchange for tax-free gains on earnings in their 401(k) retirement accounts later have a new avenue to do so.