It’s official! If you are a physician or dentist, your total tax rate is set to increase by at least 1% in 2013. The American Taxpayer Relief Act of 2012 (AKA Fiscal Cliff bill) combined with other laws set to take effect immediately causes increased taxes for almost every U.S. wage earner. Just how much extra tax you will owe depends on a number of factors: your income, number of dependents, tax deductions, marital status, alternative minimum tax, and others.  Please read the rest of the article originally posted by Larson Financial Group HERE.