The new year is just about here, and with that, comes change. One of those changes, you'll find in your paycheck.
New taxes begin on January 1 to help finance President Obama's health care overhaul.
However, it will only affect taxpayers who make more than $250,000 a year.
Local tax manager, Adrian Taylor, says there will be a much bigger impact if Congress decides to start taxing employer-sponsored health insurance.
"This is an option in lieu of raising tax rates, lowering the amount that we can deduct for health insurance premiums, which would generate revenue. health insurance is single biggest tax deduction that the government allows," said Taylor.
She says if the government is trying to decrease the deficit and raise revenue by not raising income taxes, health insurance is the largest pot of money that the government can look at to try to reduce deductions.
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