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12 tax tips for 2012

In recent years, as Congress crafted new laws such as housing bills, health care reform, or extended tax provisions, lawmakers were careful to make sure that no major taxes took effect in 2012. Why? Because it's a presidential election year. No candidate wants to explain to voters heading to the polls why they are facing added taxes. But there are still many tax considerations in the coming year. Here are 12 tax tips, reminders, and planning tools for 2012.
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By Kay Bell, Bankrate.com

In recent years, as Congress crafted new laws such as housing bills, health care reform, or extended tax provisions, lawmakers were careful to make sure that no major taxes took effect in 2012.

Why? Because it's a presidential election year. No candidate wants to explain to voters heading to the polls why they are facing added taxes. But there are still many tax considerations in the coming year. Here are 12 tax tips, reminders, and planning tools for 2012.