Tax changes you need to know about
Published On: Mar 13 2013 06:51:31 AM PDT
Find out what changes you need to know about before filing your taxes this year.
iStock / Luevanos
Alternative Minimum Tax Relief -- The tax deal passed in January increased the the alternative minimum tax exemption for 2012 to $50,600 for single taxpayers (an increase of nearly $20,000) and $78,750 for married taxpayers filing jointly (an increase of more than $30,000). AMT relief will also be adjusted for inflation each year starting in 2012.
