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CBSMoneyWatch: 2013 Tax Rules—These Can Save You Money

2013 Tax Rules—These Can Save You Money

By Ray Martin

A few days ago I wrote how the American Taxpayer Relief Act of 2012 increases taxes for all working Americans. I also gave some examples of how much more income tax individuals and families with certain incomes will pay as a result of the new rules.

The good news is that many of the new tax rules are permanent, allowing individuals and business owners to make longer term plans and investment decisions.

Some of the tax breaks that expired in 2011 were restored in 2012 and extended. These tax breaks can help folks save on their 2012 taxes and over the next few years. But you can't reap the tax savings if you don't know about them.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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