Fiscal Cliff: What It Means For My 2013 Paycheck?
The financial deadline looms in Washington, with no deal yet made. Check this primer, and share your questions and thoughts.
With Christmas 2012 over, one reality check is that the looming "fiscal cliff" deadline is just a few days away. On December 31, tax cuts dating to the George W. Bush presidential term are scheduled to expire, and President Obama and congressional leaders have not reached a compromise. Of course, that means starting in the New Year, tax bills would increase for many middle- and upper-class taxpayers in the City of Hazelwood. And that means paycheck withholding for many workers would change, leaving them with less take-home pay in the new year. Remember you can like Hazelwood Patch on Facebook at www.facebook.com/HazelwoodPatch. Don't forget to visit Twitter: twitter.com/HazelwoodPatch, or signup for the Hazelwood Patch newsletter here. -- …
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