Hedge-fund managers and affluent taxpayers mostly do well, but couples earning less than $40,000 may pay more taxes.
The package extends many Bush-era tax breaks, including lower rates, and cuts the Social Security payroll tax from 6.2% to 4.2%.
Tax deal lets homeowners continue to deduct PMI, but some will lose the right to deduct property taxes.
The child tax credit and other tax breaks mean more middle-class earners are paying no federal tax at all. Is that right?
Birth control, Viagra, counseling and other items are all deductible.
For tax savings, you have to itemize, give to qualified charities and save receipts.
Private mortgage insurance protects lender, but at least it's deductible.
VIDEO ON MSN MONEY
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A light news day combined with heavy technicals weighed on the market.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Buy a new refrigerator, and you could see your utility bills drop because of new energy-efficiency standards.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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