Topic - Barbara Weltman

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  • New 39.6 percent tax bracket for wealthiest people

    A new top tax rate, higher Medicare taxes and the phaseout of deductions and exemptions could mean higher tax bills for wealthier Americans this year. Legally wed same-sex couples, meanwhile, may find the true meaning of the marriage penalty.

  • FILE - This Oct. 18, 2012 file photo shows Edith Windsor interviewed at the offices of the New York Civil Liberties Union, in New York. When it comes to things like estate taxes, the federal recognition of same-sex marriage will help legally married gay and lesbian couples. That was the issue in the Supreme Court decision in the case of Windsor, who had to pay estate taxes after her lesbian spouse died. (AP Photo/Richard Drew, File)

    Higher-income Americans hit hardest by tax changes

    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 federal returns in the next few months. Taxpayers also will have a harder time taking medical deductions.

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