Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
The North Carolina Senate plans to consider tax overhaul legislation next week with or without a final compromise in hand with fellow Republicans in the House.
If President Barack Obama is re-elected, the Patient Protection and Affordable Care Act will stay, with much of the legislation therein taking effect by January of 2014. According to some experts, the results could be catastrophic for the nation’s Medicaid program – and the health of the American populace.
Mitt Romney says he’s never paid less than 13 percent of his income in taxes during the past decade.