Last-Minute Fiscal Cliff Deal

Post Date: 1/2/13
Last Updated: 1/2/13

Summary

Although the country technically went off the fiscal cliff at midnight on December 31, 2012, several hours later Congress and the President reached agreements that resolved many of the most pressing tax issues, including extender legislation for 2012 and tax rate provisions for 2013 and beyond.

The following is a summary of legislation contained in HR 8, the American Taxpayer Relief Act of 2012, as passed by the Senate and the House of Representatives on January 1, 2013.

We will provide a detailed analysis of the legislation for our customers at no charge, which will be available on our website Monday, January 7. We will also provide page updates to TheTaxBook resulting from the new legislation. We will notify our customers via email when the analysis is available.

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