Posted on Monday, March 11, 2013 by LibraryAdministration
You may have heard about changes associated with the American Taxpayer Relief Act of 2012 passed by Congress on January 1, 2013 and signed into law by the President the next day. How might this affect you? For one thing, if you are a single filer making over $400,000 or a joint filer making over $450,000 per year, congratulations – the federal government deems you a wealthy American and increases your marginal tax rate from 2012’s high of 35% to 39.6%. Other changes effective January 1, 2013 include adjustments to the payroll tax, personal exemptions, itemized deductions, taxes on investments, etc. These changes will not necessarily affect your 2012 taxes, but some prudent planning for the current year is always a good idea.
Still waiting to dive into your income tax forms? Need some free face-to-face assistance? Need some help with personal or small business deductions? Santa Clara County Library has plenty of resources available online and at your local community library.
Done with your taxes and still in need of taxpayer relief? Santa Clara County Library still has you covered. Check out these books on happiness, which includes some inspired post-tax titles such as: