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- Neal Boortz defends Hillary Clinton for representing child rapist
- House task force to recommend National Guard on border, faster deportations
- Top federal judge uses pizza to explain complex Obamacare situation
- Obama, Biden overhaul job training programs
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- ISIL now forcing Iraqi shopkeepers to veil mannequins in Mosul
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- Turkish P.M. Erdogan won’t speak to Obama, but he’ll take calls from Biden
Topic - Barbara Weltman
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.
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.
"People who are used to filing early in order to get a quick refund are just going to have to wait," said Barbara Weltman, a contributing editor to the tax guide "J.K. Lasser's Your Income Tax 2014."
"They have no idea of the benefits they are getting through the tax code," she said.