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HTMLNew Year: New Taxes, New Rates and (Some) Taxpayer Relief
Farhad Aghdami, Maria S. Stefanis; Williams Mullen;
Legal Alert/Article
January 15, 2013, previously published on January 11, 2013
On January 2, 2013, President Barack Obama signed The American Taxpayer Relief Act of 2012 that retains the Bush era tax rates for most taxpayers, except for those in the highest marginal brackets, and extends many credits, deductions and exclusions. Also, in 2013, there is a 0.9% increase in the...