How the budget impacts you

Bottom line: How will your wallet fare under the new California budget and the federal stimulus package? Kevin Modesti in the Daily News.

For the typical household, the net impact of the past week's tax changes might be slight, according to financial experts who were only beginning to crunch the numbers Thursday.

"What's happening, to some degree, is that one hand's giving and one hand's taking away," said Rob Seltzer, a Beverly Hills-based certified public accountant and personal financial specialist, referring to what people stand to gain from the federal package and lose in the state budget.