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Fiscal cliff deal: What will it mean for you?

Submitted by MyFoxAL Web Staff on Saturday, January 5th, 3:00 pm
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.

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Bank of America mortgage assistance event Dec. 2-3

Submitted by Brianne Britzius, Fox 6 Digital Producer
Wednesday, November 30th, 2011, 1:36pm

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.

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Samford wants to remain neighborly with nearby residents

Submitted by Melynda Sides, Digital Content Producer
Friday, July 15th, 2011, 1:50pm
Samford wants to remain neighborly with nearby residents

Samford University held a meeting with Homewood residents Thursday night, seeking to ease concerns about the school's expansion plans.

The university wants to build a new dorm on the edge of its campus that borders a Homewood neighborhood. The rezoning plans that would allow the new dorm also involve tearing down some of the residential homes the university has purchased and used for student and faculty housing over the years.

Homewood residents met last week with city councilors to discuss ways to keep the school from expanding into their neighborhood. Sarah Latham, vice president of the university's operations and planning, says that Samford is hoping to keep its neighbors happy by including them in the expansion process.

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