Do You Know About The December Tax Deal?

At the end of last year, the President signed a law that kept middle-class tax cuts from expiring – preventing the typical working family from facing a tax increase – and extended unemployment insurance to ensure at least 7 million Americans don’t lose their benefits as they search for jobs. In addition, the President fought for and passed a payroll tax cut that is already showing up in paychecks and additional tax cuts that apply to taxes for 2011. Check out our tax cut calculator to learn how the December tax deal will benefit you, both in your taxes for 2011 and in your paychecks going forward.

(Resource: www.WhiteHouse.gov)