Millions of Americans who expected slight tax breaks courtesy of this year’s stimulus could soon discover they actually owe the federal government money. The Making Work Pay tax credit, offered as a wage advance, …
Read Original Story: Making Work Pay credit recipients could owe IRS – The Hill
WASHINGTON -(Dow Jones)- More than 15 million households might owe more to the Internal Revenue Service next year because a tax credit in stimulus legislation meant that not enough taxes were withheld from …
Read Original Story: Treasury Dept: Millions Will Owe IRS Due To Stimulus Credit – NASDAQ
WASHINGTON, DC — If you received a tax credit from the government, you could be one of more than 15 million taxpayers who may owe unexpected taxes when you file your federal returns next year. The Teasury Department’s inspector general for tax …
Read Original Story: Millions May Have to Repay Part of Tax Credit – WXIA-TV
For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit. That’s the finding of a government watchdog report out today about …
Read Original Story: Millions may have to repay part of Obama tax credit – Los Angeles Times
WASHINGTON — More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit. Taxpayers are at risk if they have more than …
Read Original Story: Millions will have to repay part of tax credit – The Associated Press
(ChattahBox)—The Making Work Pay tax credit, issued to taxpayers under the stimulus package last February, may bring some Americans an unwelcome surprise when the time arrives to prepare their tax returns. A new report released by the Treasury …
Read Original Story: Report: 15 Million May Owe Taxes on Stimulus Tax Credit – ChattahBox
With the Making Work Pay Credit in effect through 2010, it’s a good time to check and possibly adjust the withholding amount from your paycheck to match your tax liability. This credit may cause a surprise for some taxpayers who discover that they need …
Read Original Story: Liberty Tax Recommends a Quick Withholding Check with its Online Making Work … – PR Web (press release)