Quantcast
Home » News
Home » News

Higher-income Americans hit hardest by tax changes

Published January 21, 2014 11:59 am

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • Higher-income Americans and some legally married same-sex couples are likely to feel the biggest hits from tax law changes when they file their 2013 returns in the next couple of months. Taxpayers also will have a harder time taking medical deductions.

Other changes this year: The tax rate tables and standard deduction have been adjusted for inflation, and the Alternative Minimum Tax has been patched to prevent more middle-income taxpayers from being drawn in. There's now a simpler way to compute the home office deduction.

Though the tax changes were set early, the filing season is being delayed because of the two-week government shutdown last October. People won't be able to begin filing federal returns until Jan. 31.

That doesn't change the deadline, however. It's still April 15.