With time running out the fiscal cliff is expected to hit hard on the middle class.
The Tax Policy Center estimates the average American will see their tax bill rise by more than $3,000 next year. If a deal isn't reached by Dec. 31 employees can expect to see smaller paychecks.
Kansas City area accountant Jane Rubenstein is the owner of Business Accounting Services. She said most of her clients are on a calendar year, so the Dec. 31 deadline is crucial for her business clients because they need to know how to handle their payroll.
"Any type of tax planning has gone out the window," Rubenstein said. "Unless something is done the first payroll in January is going to be a mess."
Other clients are concerned about income taxes and dividends.
"So do you sell now? And maybe take a hit or do you wait and see what happens? People ask me, and I say I don't know."
If a deal isn't reached by Monday, the payroll taxes go up. Part of that will include a two percent increase in what you pay toward Social Security. Rubenstein said the amount an employee pays for federal income tax can be adjusted on paycheck taxes if the rates go up at first, and then if they're brought back down by a final decision.
Also, If employees like to file taxes early, they may have to wait because right now many individual tax forms are unavailable due to the waiting game playing out in Congress.