All I’m sure of so far is that the Healthcare Flexible Spending Account level that you could set aside tax-free was slashed from $5,000 to only $2,500, effective January 2013. That’s one way taxes can be raised for everyone without income taxes rates being changed.
For the rest of the muddle, for it will be a battleground, the folks over at H&R Block have a helpful little graphic. Take a gander at it over a beer or your other favorite beverage. [Read more...]