We were worried about the Fiscal cliff at the beginning of the year and lawmakers managed to stop that from happening, however they didn’t manage to catch everything.
A recession time tax reduction on Social Security expired at the beginning of the year. The original amount of 6.2 was lessened to 4.2 to help American during a rough economy. Now the orginal amount is back and 2 percent more money will be taken out of your take home pay to put into Social Security.
