Fiscal Cliff Estimator Now Available
As Washington continues the debate surrounding the fiscal cliff and expiring tax provisions, CCH has launched a valuable tool that estimates how the different congressional proposals will affect you or your clients in 2013. The 2013 CCH Fiscal Cliff Estimator compares the current 2012 tax scheme against three major plans being debated—the full extension of the Bush-era tax cuts, the president's and Senate Democrats' proposal, and the expiration of the Bush-era tax cuts. The Estimator allows you to enter taxable income, capital gains, and dividend income, and then select one or more of the three major plans to compare against the current 2012 tax scheme.
Backed by CCH projections and estimates, you can see the estimated income tax with extensive details of each plan. To aid your research, each projection is also linked to CCH Tax Briefings that outline the tax policies and allow you to see further impacts, comments, and suggestions on how to strategize, depending on the final outcome of the negotiations.
The Estimator can be found on the IntelliConnect browse tree under "Federal Tax," "Federal Tax Legislation," "2013 Fiscal Cliff Tax Calculator."
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