San Diego: (760) 431-8350
Simi Valley: (760) 802-0079

Archive for January 2013

On January 2, 2013

Tax Changes in Congress’ Fiscal Cliff Legislation

Here is a summary of the provisions included in the bill – Tax rates beginning January 1, 2013 A top rate of 39.6% (up from 35%) will be imposed on individuals making more than $400,000 a year, $425,000 for head of household, and $450,000 for married filing joint. 2% Social Security reduction gone AMT permanently