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Fiscal cliff deal: What will it mean for you?

Fiscal cliff deal: What will it mean for you?

By Mark Trumbull | Content provided by CSMonitor.com

Your taxes are probably going up, but not as much as they would have without a "fiscal cliff" deal.

That's the short summary of what's in store for US households now that a fiscal bargain between the White House and Congress has been reached.

The welcome news for personal pocketbooks is that most Americans will see no change in their income-tax rates.

But the amount of taxes paid will still rise, for two major reasons: First, workers will owe 2 percent more of their paychecks to the government in 2013 because Congress is allowing a temporary payroll-tax cut to expire. Second, tax rates are rising for households that earn more than $450,000.

Bank of America mortgage assistance event Dec. 2-3

Bank of America will host a free, public event to help Birmingham Bank of American mortgage customers in danger of foreclosure. According to a press release, the bank has identified almost 6,000 customers who may benefit from this weekend's event. Home retention specialists will help homeowners explore alternatives to foreclosure such as home loan modificiations.

Homeowners can receive personal help from 8:30 a.m. to 5:30 p.m. Friday, Dec. 2 and Saturday, Dec. 3 at the Jefferson County Committee for Economic Opportunity. The facility is located at 300 8th Ave. W. Those interested must register and can learn which documents they should bring to the event at bankofamerica.com/homeownerevent or 1-855-201-7426.

Ross Bridge named one of the nation's best communities

Ross Bridge named one of the nation's best communities

The Ross Bridge community in Hoover has been named as one of the best in the nation, due to its neighborhood/resort design, unique to areas outside the Northeast and along the coast.

During the International Builders’ Show in Orlando, Fla. Friday night, winners of the 2010 Best in American Living Awards were announced, sponsored by the National Association of Home Builders’ Design Committee. Ross Bridge won the platinum award for best community.

According to the Awards portfolio, Ross Bridge took the “decades-old planned unit development resort community concept and infused it with the latest in traditional neighborhood development design, creating a walkable community with a unique sense of place and a vibrant community spirit.”

On its website, Ross Bridge boasts “front porch-friendly” neighborhoods, lush, landscaped parks, tree-lined streets and sidewalks, as well as 200 acres of parks, green spaces, lakes and the Shades Creek Preserve.