Tax changes you need to know about

POSTED: 08:29 AM PST Mar 04, 2013    UPDATED: 11:03 PM PST Mar 04, 2013 

Find out what changes you need to know about before filing your taxes this year.

Signing tax form, taxes, signature, money
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iStock / Luevanos

Alternative Minimum Tax Relief -- The tax deal passed in January increased the the alternative minimum tax exemption for 2012 to $50,600 for single taxpayers (an increase of nearly $20,000) and $78,750 for married taxpayers filing jointly (an increase of more than $30,000). AMT relief will also be adjusted for inflation each year starting in 2012.


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