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Your 2013 tax bill probably rose; here’s why

Whether you filed your taxes months ago or just finished your return, millions of Americans saw their 2013 tax bills go up. The “fiscal cliff” deal that Congress hammered out at the beginning of 2013 seems like ancient history, but it’s only now having an impact on the tax returns that are due this Tuesday. The deal prevented what could have been a much more extensive rise in taxes for every taxpayer in the nation. Although the compromise extended many of the tax cuts that had been slated to expire, it still allowed rates to rise in a number of critical areas…Read More


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