Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

What the End of the Bush Tax Cuts Means for You—Part One

Written by Eva Rosenberg on November 27, 2012 in Tax  |   2 comments

Disclaimer: This blog post was written before the election and is meant to summarize the possible effects of the end of the Bush-era tax cuts. I hope you enjoyed all the presidential debates last month—and I also hope that you are are happy with the…

Disclaimer: This blog post was written before the election and is meant to summarize the possible effects of the end of the Bush-era tax cuts.

I hope you enjoyed all the presidential debates last month—and I also hope that you are are happy with the election results. Perhaps now our elected officials can get back to work.

In today’s political climate, it can be difficult for taxpayers to do tax planning. How can we determine how to handle open enrollment on our flexible spending accounts, whether or not we want to get married, or any number of other possible tax circumstances?

Let’s look at some changes to expect in 2013 if Congress doesn’t pass some extender laws really quickly. (Note: These projected numbers are approximate.)

Special capital gains and qualified dividend income rates of 0 percent and 15 percent will expire. In 2013, expect to pay up to 20 percent for capital gains and up to 39.6 percent on dividends.

The marriage penalty will return. The standard deduction for couples will drop from twice that of singles ($11,800) to about 84 percent of that—under $10,000. In other words, where singles’ tax rates rise to 15 percent at about $35,000, they will rise to 15 percent at about $59,000 for couples instead of at $70,000.

The adoption expense credit will drop. The 2013 credit is projected to be $5,000 ($6,000 for a special needs child), while the 2012 credit is $12,650.

Medical expenses are presently reduced by 7.5 percent of your adjusted gross income. In 2013 that rises to 10 percent.

The allowance of up to $250 for educator expenses as an above-the-line deduction will end. The impact of this is minimal on an individual basis—it only saves the average educator between $38 and $63.

The sales tax deduction will stop being an option instead of the state income tax deduction. For taxpayers living in states without an income tax, this can have a significant impact.

The nonbusiness energy property credit will change in value. This credit was created to reduce energy waste by encouraging the installation of insulation, roofing, and similar things. It has been bouncing around in value—from 10 percent of the costs to a lifetime credit of $500 in 2011. In 2013, it will be gone.

Additionally, there will be other increases to personal taxes, including alternative minimum taxes.

To find out about how these changes may impact you, check out the Tax Foundation’s Tax Burden Calculator. It compares three tax scenarios: the elimination of the Bush tax cuts, President Obama’s proposals, and the Republican plan to extend some of the Bush tax cuts. When I tried it, my federal tax burden was the same under the President’s plan and the Republican plan. But the elimination of the Bush tax cuts increased my joint taxes by nearly $3,000. How did you do?

Come back next week to look at how the expiration of the Bush tax cuts will affect small business—and by that, I mean, your Schedule C business or your small partnership or corporation.

Eva Rosenberg, EA, is the publisher of TaxMama.com®, where your tax questions are answered. She teaches tax professionals how to represent you when you have tax problems. She is the author of several books and e-books, including Small Business Taxes Made Easy. Follow her on Twitter: @TaxMama

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. BLiving says:

    I believe the charitable contributions from an IRA ended at the end of 2011. I also, believe the educator expense deduction and sales tax deduction also ended at the end of 2011.

    • EFX Moderator, EM says:

      BLiving, You’re correct, the charitable contributions from an IRA ended at the end of 2011. Thanks for the heads up and we’ve updated the blog to reflect that.

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Tax Archive