Tax Deal: What’s In It for You?

Link: Tax Deal: What’s In It for You?

A nice summary of the parts of the new tax cut deal which will likely affect most people.  In particular, the continued lower rates on income taxes, of course, as well as the continued lower rates on certain investment income (qualified dividends and long-term capital gains), as well as the 2% cut in employee-share of FICA.  Less well publicized parts of it are mentioned here, too, such as the AMT “fix” and the extension of the temporary elimination of the PEP and Pease (which phased out deductions and exemptions for some folks).  Worth reading for an overview.  There are other much more detailed breakdowns of the deal elsewhere, though.

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