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St. Paul

American Taxpayer Relief Act of 2012

February 16, 2013 by Roy Vargis CPA, CMA, CFM, CITA, EA, ACMA, CGMA

President Obama on January 2 signed the American Taxpayer Relief Act of 2012. The new law makes permanent Bush-era tax rates for individuals and couples with annual income of $400,000 and $450,000, respectively. The law also permanently indexes the alternative minimum tax for inflation, extends unemployment insurance benefits for one year and extends numerous business … [Read more...] about American Taxpayer Relief Act of 2012

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