2 New Tax Hikes You've Never Even Heard Of

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Big increases in payroll taxes affected nearly all working Americans, while the return of the 39.6% tax bracket and the new Medicare surtax were aimed at higher-income taxpayers. Yet on top of those well-known increases, some additional lesser-known provisions will also hit some taxpayers starting this year.

In the following video, Fool contributor Dan Caplinger goes through two tax increases that took effect at the beginning of 2013. The provisions don't raise taxes directly, but by taking away valuable benefits like itemized deductions and personal exemptions, they have every bit as important an impact on tax liability as a higher tax bracket would. Dan explains how these provisions work and how you can tell whether they'll affect you.

Learn more about how you can fight back against higher taxes by using the tips you'll find in the Fool's latest special report. You won't want to miss the easy-to-follow strategies you'll find inside, so to get your completely free copy of the report, click here right now and start saving today!

Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Personal Finance

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