The fiscal cliff deal is taking more money out of families' paychecks. As reported by the Associated Press, the legislation did not prevent a reduction in the Social Security payroll tax from expiring.
As a result, households making between $40,000 and $50,000 will see an average tax increase of $579, while households making between $50,000 and $75,000 will see an average tax increase of $882, according to the Tax Policy Center.
Fortunately, there is a little help out there so families can let the money they actually take home stretch. The following links are money-saving resources and cheat sheets families can use all year:
- 2013 Sunday Coupon Preview from Raising a Family on a Budget
- Printable Coupons from Coupons.com
- Free kids haircuts at JC Penney
- Free kids breakfast at The Pop Shop
- Best Times to Buy (furniture, appliances, home theaters) from HGTV
- Stores to buy and sell gently-used items (Once Upon a Child, Plato's Closet, Play It Again Sports)
- Local consignment sale
- Gift card earning app Shopkick
- Gift card earning websites MyPoints and Swagbucks
- Local AAA Card savings
- Bike Share
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