Fiscal deal will cost you: 8 tax changes
Here are eight tax changes under the 'fiscal cliff' deal that may hit your pocketbook.
3. Estate taxes go up
The tax rate on estate taxes will rise to 40 percent, up from 35 percent in 2012. The first $5 million of an individual's estate will be exempted ($10 million for family estates), the same as in 2012. The deal averts the "fiscal cliff" provisions, which will have lowered the exemption to $1 million and increased the tax rate to 55 percent. And the exemption levels would be indexed to inflation, so gradually even bigger estates would avoid the tax.