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.
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