Happy New Year!
I don’t know what you did on New Year’s Eve, but we all know what Congress did: they finally hammered down some tax legislation for 2013 and beyond.
These last-minutes decisions put the IRS behind when it comes to processing tax returns because the agency has to work to update its software to adjust for the new laws. But just because the IRS is left scrambling, that shouldn’t stop you from preparing your income tax return. Even if you can’t electronically file as yet, now is the time to get your return in order so you know the news – good or bad – in advance.
Here are the new tax changes for 2013: