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Article:

Make Expiring Tax Cuts Work for You

Know What Changes Are Coming in 2013 & How You'll Be Affected

How Will Expiring Tax Cuts Affect You?

It has been just a few blessed weeks since April 15, when we all emerged from stacks of 1099s and W-2s and declared ourselves ready to forget about taxes for another year. 

Not so fast. 

The tax cuts put in place during the previous administration are heading for expiration at the end of this year if Congress doesn't act. Almost everyone agrees that at least some of the cuts should be extended, but the right and the left have profound disagreements about how to proceed. 

So what does this mean for you? While you should always rely on a tax professional before making any decisions, here is a general rundown regarding what's at stake.