The Fiscal Cliff Tax Deal – For Most of Us, It’s a Wash

The American Taxpayer Relief Act of 2012 that Congress passed on New Year’s Day extended the Bush era tax cuts, but the benefits of those cuts for most American taxpayers will be offset by a 2% increase in payroll tax.

According to the Tax Policy Center, a nonpartisan Washington research group, less than 1% of American households will see an increase in income taxes this year. Here are the specifics of what the bill that President Obama signed into law on January 2 entails:

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How to Talk to a Loved One About EP

How to Talk to a Loved One About Estate Planning

Estate planning rarely comes up in the course of regular conversation and if it does, it is usually involves what has happened to a celebrity’s fortune after his or her death.  The distance is safe, so the conversation can take place.

But what if you need to discuss estate planning with a loved one – either your own estate plan or the one they have (or should have)?  Because no one likes to talk about the death of someone close to them, we rarely have this critical conversation.  But we all should.

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