Fix the Tax Code Friday: Making Work Pay Credit
It’s Fix the Tax Code Friday!
Next week, the revised tax tables for the Making Work Pay Credit go into effect. Last year, after stimulus checks were mailed out, taxpayers overwhelmingly supported a second stimulus package. Now, taxpayers don’t seem so sure. With the second stimulus package in place, with money in the pockets of most taxpayers next week, today’s Fix the Tax Code Friday question is:
Will the Making Work Pay Credit make a difference in the economy?
I doubt it. A couple bucks a paycheck isn’t going to change how much I spend.
Will the working pay credit cause us to pay in at tax time? My husband’s company has already started the credit this week .