Congress passed and the President signed American Taxpayer Relief Act of 2012. This new law extended many expiring tax cuts and created a new tax bracket for higher income taxpayers. Here are the new tax brackets for 2013: Single 2012 2013 Standard Deduction $5,950 $6,100 Personal Exemption $3,800 $3,900 10% $8,700 $8,925 15% $35,350 $36,250 […]