No. It’s not a typing mistake. It makes perfect sense to pay more taxes this year if we do head over the fiscal cliff at midnight on December 31.
As you probably know, the fiscal cliff refers to major changes in the tax law that will take effect starting January 1 if our lawmakers don’t get their act together. And these changes involve huge tax increases. Which means it may make sense to lower this year’s tax deductions and increase this year’s taxable income when rates may be lower.
If you want to learn how to avoid going over the fiscal cliff no matter what happens in Washington, I urge you to read my new article titled Tax Tips: Pay More Taxes Now.
Three ways our fact-filled article can help you:
- We’ll warn you about nine changes in the tax law that may be made automatically. What you don’t know really can hurt you. Which is why you need to know ahead of time, what possible changes in the tax law can mean to you. Valuable information is waiting for you when you read the full article.
- We’ll tell you about two tax increases already scheduled for 2013. Don’t get blindsided by these two changes in the tax law that can really bite you in the coming year. You’ll get the whole story when you read the full article.
- You’ll learn three steps you can take now. Don’t wait until the last minute to act. Here are three things you can start doing today to possibly save big money tomorrow! You’ll get full details when you read the full article.