Tax Calculator Updated with Fiscal Cliff Compromise

January 2, 2013

I've updated our online tax calculator to reflect the fiscal cliff compromise bill that passed the House last night and will presumably be signed by the President very soon. Three columns are shown – your 2012 tax liability, what you'll pay next year in 2013, and what you would have paid had we gone fully "over the cliff." Nearly everyone will see a slight increase from 2012 to 2013 because of the expiration of the payroll tax holiday, but everyone will pay less than they would have otherwise, had Congress done nothing.

Was this page helpful to you?

No

Thank You!

The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?

Contribute to the Tax Foundation

Related Articles