Top 6 Tax Stories of 2013

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No. 1: The American Taxpayer Relief Act


The 1st of 2013 marked the enactment of the American Taxpayer Relief Act, which was the Congress’ way of managing the fiscal cliff. For all of you that haven’t kept up with the headlines, the fiscal cliff referred to a period (the beginning of 2013 to be more exact) when several tax laws would expire at the same time. This law ensured that some of the exemptions enforced by previous laws would remain, as opposed to completely disappearing.

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