How Will the American Taxpayer Relief Act Affect Your Family?

Although the act does increase taxes on high-earners and trusts, individual taxpayers will be most affected by many provision of the American Taxpayer Relief Act.

How will the American Taxpayer Relief Act Impact You?

On Jan. 2, with the nation on the edge of the “fiscal cliff” (a combination of Bush-era tax cuts expiring and the imposition of scheduled spending cuts), President Barack Obama signed the American Taxpayer Relief Act. Although it helped to quell the “fisc

IRS Announces New 2013 Tax Rates and Standard Deductions

Standard deductions go up, but the ceiling for itemized deductions go down in 2013, plus other changes that will affect your taxes this year.

Last Friday, the Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012.  The tax items for 2013 of greatest interest to most taxpayers include the following changes. Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan.28, 2013. Other inflation adjusted items were published in October 2012 in Revenue Procedure 2012-41. -News release from the Internal Revenue Service

• Photos (1)

UPDATED: Rep. Dan Gordon Files Taxes Late to 'Make Statement'

The state representative discussed his decision on talk radio Thursday.

State Rep. Dan Gordon (Dist. 71, Little Compton, Portsmouth and Tiverton) refused to file his 2011 tax return before the deadline Tuesday in a protest against government spending, reports GoLocalProv.  On Tuesday, Gordon wrote on his Twitter page to followers: Today is the tax deadline. I didn't pay. #ComeGetIt Gordon is apparently critical of the state and federal government's spending practices, according to GoLocalProv.  In a tweet Thursday, Gordon, a Libertarian, states he will discuss his decision "to not pay taxes" on WPRO's Buddy Cianci show today at 4:05 p.m.  Updated at 4:43 p.m. Thursday Gordon later stated on Buddy Cianci's talk radio show that he filed his state and federal tax return on Thursday morning, two days after the …

•  3 Comments
• Photos (1)

Fifteen Miles of Main Road

A Community of Santas For The School Department

How the Tiverton School Department wound up with $367,165 in extra Tiverton taxpayer dollars, and how the spirit of the Christmas season can best be served.

The largest portion of my workdays, over the last decade, has been spent remodeling houses in neighborhoods of Newport that appear zoned to require airy names rather than street numbers. Tourists who venture away from the Breakers, Chateau-sur-Mer, and the rest of the Bellevue arcade of opulence may spot plaques and embossed stones labeling the homes of families still in the flesh and still in the money. My sense of humor being what it is, I've dubbed my North Tiverton cottage Piddlinghouse and await only the free time and resources to whittle a name-post at the end of my driveway. The title would be apt, given the Dickensian feel of this Christmas season. Most of the presents under our tree will be a testament to the generosity of my …

• Photos (2)