So now that you’ve calculated the Making Work Pay Credit, what does it all mean? A credit is a dollar for dollar reduction in your
Read MoreTag: Making Work Pay Credit
Calculating The Making Work Pay Credit
I’ve received a bunch of questions about the Making Work Pay Credit. I agree – it is confusing. Let me see if I can make
Read MoreTax Or No Tax?
The good news: nearly 50% of American households (47%, to be precise) won’t pay any federal income tax in 2009. The bad news: the remaining
Read MoreAsk The Taxgirl: Problems With New Tax Tables
Taxpayer asks: “Rude surprise for taxpayers Millions of people who are enjoying President Obama’s tax credit will need to return some of it.” http://finance.yahoo.com/news/INSIDE-WASHINGTON-Rude-apf-15091434.html?.v=1 Per
Read MoreAsk The Taxgirl: Making Work Pay Credit & Outstanding Liabilities
Taxpayer asks: What about a taxpayer who owes the IRS $$$ from previous tax years? Should they adjust their W-4 to have more taxes taken
Read MoreAsk The Taxgirl: How Much Money Will I Get Under Obama’s Stimulus Plan?
Taxpayer asks: I was told that I would receive all my federal tax withholding for April, May & June. However, I just heard on the
Read MoreFix 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
Read MoreAsk The Taxgirl: Do I Have To Take The Making Work Pay Credit?
Taxpayer asks: Dear taxgirl, Can a taxpayer refuse to have the credit on their paychecks and receive the full credit on their 2009 return? Also
Read MoreMaking Work Pay Credit Could Surprise Some Taxpayers In 2010
Note from Taxgirl: I’ve written a few pieces about the credit since this piece originally posted. Many of the questions and comments related to this
Read More“Stimulus” Ads On Facebook, Other Sites Do Not Ring True
If it seems too good to be true, it probably is. Keep that adage in mind this tax season. There are a number of scams
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