Sent to you by Chris Hunter via Google Reader:
Americans are facing possible higher taxes next year as a result of the so-called "fiscal cliff" (a combination of expiring tax cuts and other issues). Although we've talked about how tax changes for 2013 might affect you, to get a closer estimate of how much money this involves for you, check out the "Fiscal Cliff" Calculator.
The interactive tool from The Washington Post shows six family types, each with five different income amounts. Select the scenario that matches you most closely and you'll get an estimate of how much your taxes will increase under the Democratic plan, the Republican plan, and no plan (if no deal is reached by the end of the year).
For most groups, the tax increase is the highest if no deal is reached. Almost all groups will need to be prepared to pay more in taxes next year, so plan your finances accordingly!
The site also offers a very detailed chart explaining all the tax differences.
'Fiscal cliff' calculator: What it means for me | The Washington Post