7:37 AM EST, January 2, 2013
With all the talk about the ‘fiscal cliff,’ you may be wondering how it will affect you and your family.
Much of that isn’t quite clear yet, but there is something to be sure – one of the first places you might notice a change is in your tax return.
Experts say expect your tax return to be smaller.
A number of credits and deductions have already expired or will soon expire. That will hit us in the pocketbook.
It’s too early to know how the tax code will change, but we know this:
There are some things to think about as you prepare for tax season.
First, start getting organized. Sort through receipts and important paperwork and put them all in one place.
And figure out online or with the help of a tax professional if you have the right amount of tax withholding on your W-2.
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