Every year, in the US, we have new tax rules, deductions, limit increases/decreases, exceptions, benefits, etc. Are there some good resources out there for self education on what to expect with the new upcoming year? I am looking for maybe a few good websites or information portals that help bring some sanity to understanding upcoming changes year to year.
There are so many tax laws, rules, and exceptions every year that I don't think even tax experts fully comprehend tax law sometimes.
Fairmark - I am hard pressed to find a better laid out snapshot of our (US) standard deduction, exemption, tax rates, retirement account limits, and FICA maximum. They publish the numbers as soon as they are official. Take a peek, and let me know. Disclaimer - I have no association with Fairmark other than an appreciation of their site.
The IRS 1040 instruction booklet (PDF link) always includes a "What's New" page towards the beginning which is incredibly handy, concise, and written in surprisingly clear language.
