Tax law

Five Taxes That Increased with the American Taxpayer Relief Act of 2012

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American Taxpayer Relief Act of 2012

Rich taxpayers may end up paying higher tax bills this season. Due to the changes in the 2012 tax law, the American Taxpayer Relief Act of 2012. Anyone who makes enough to consider themselves wealthy will pay higher taxes on their income.

American Taxpayer Relief Act of 2012

The first bill that raised taxes for the wealthy is The American Taxpayer Relief Act of 2012. This bill is also commonly known as the fiscal cliff tax bill. This law prevents rich taxpayers from reducing their bill by utilizing certain tax privileges.

American Taxpayer Relief Act of 2012
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The second change affecting wealthy taxpayers comes from the Affordable Care Act. Two provisions from this law went into effect in 2013. Clearly, this bill targets high-income taxpayers, but the language in the bill fails to provide a numeric value for the term high-income.

These two laws created five significant changes for wealthy taxpayers. These … Read the rest about Filing Taxes

Turbo Tax Released to Solve Your Tax Return Troubles

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TurboTax 2014 will enable you to get a tax refund that will make you a richer man. It is of significant advantage to you, because it has the capability to find loopholes in the contemporary tax code.

Additionally, TurboTax can also track any changes in the tax code for you only, over several years.

The tax return software guides you through any bureaucratic obstacles in the process of filing the relevant forms. It takes you systematically through each step, while offering you value for your tax return.

This software comes with an instruction manual, that originates straight from the IRS. The process is very straightforward and simple to follow, with no stone left unturned. In regards to the filing taxes, these tax programmers are more advanced that most laymen.

Most persons procrastinate when it comes to the filing of their taxes, but TurboTax ensures that you get the … Read the rest about Filing Taxes