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)
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 β 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
WASHINGTON — More than 15 million households might owe more money to the Internal Revenue Service next year because a tax credit in stimulus legislation meant that not enough taxes were withheld from paychecks, according to an …
Read Original Story: Millions to Owe IRS Due for Stimulus Credit – Wall Street Journal
WASHINGTON (Indiana’s NewsCenter) – Millions of taxpayers could end up owing Uncle Sam money next spring. It turns out the government was too generous with the new ‘Making Work Pay’ tax credit. The tax credit was made available through …
Read Original Story: Tax Credit Error May Result In You Having To Pay More On This Year's Taxes – Indiana's NewsCenter
The AP reports today that one of the centerpieces of Barack Obama’s middle-class tax cut will wind up looking like a tax increase next April 15th. A $250 rebate did not get structured properly, and up to 15 million recipients β mainly seniors β will …
Read Original Story: Surprise! 15 million will owe taxes on tax break – Hot Air (blog)
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, 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
(ChattahBox)βThe 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