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Tax Season Countdown Tax Tips: Tip #11 New Tax Law Signed



As a NJ CPA firm and and NY CPA  firm, we are dedicated with providing you the latest tax tips this season.

Our tax tip for today is:

On January 2, 2013, the President signed the American Taxpayer Relief Act of 2012. The law did not extend the 2% cut in payroll tax on wages and self-employment income. The new law does make several changes that will affect just your 2012 and 2013 tax returns, and it also makes many other changes that are permanent.

For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at

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