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News Link • TAXES: Federal

Upper brackets will feel weight of federal tax changes


Taxpayers will find out soon as they plug figures into their tax returns, due April 15, and see for the first time the impact of last year’s federal tax law changes.

To get an idea of what they might find, the Globe asked tax preparer H&R Block to create some tax return scenarios, calculating tax liability under both the 2012 and 2013 tax rules using the same income numbers for both years.

The result: Taxpayers who are married and filing jointly with income of $250,000 or less may be pleased to find their taxes declining a bit.

1 Comments in Response to

Comment by Lola Flores
Entered on:

I can't see anything new, different much less better here.  The ones at the top keep raking it in while the ones at the bottom get squeezed further and further.

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