Fiscal deal will cost you: 8 tax changes
Here are eight tax changes under the 'fiscal cliff' deal that may hit your pocketbook.
7. Extended unemployment insurance benefits preserved
The fiscal deal continues the extended unemployment insurance benefits for the long-term unemployed for an additional year. In some hard-hit states, that coverage provided aid for up to 99 weeks. That coverage was due to expire Jan. 1 and would have caused jobless aid to expire after 26 weeks of state unemployment benefits. By one estimate, the new deal from Congress will keep some 2 million jobless from being cut off immediately and another 1 million from losing the aid early this year.