WASHINGTON, Nov. 16 (UPI) — About 15.4 million US taxpayers could end up owing federal taxes above and beyond payroll deductions this year, a Treasury Department inspector general said. The Internal Revenue Service said the figure in a report by the …
Read Original Story: Report: 15.4M tax refunds may shrink – United Press International
By WebCPA Staff The Making Work Pay Credit, a tax credit that was a signature part of President Obama’s economic stimulus package in February, could lead to more than 15.4 million people owing additional taxes, according to a new government report. …
Read Original Story: Making Work Pay Credit May Cause Millions to Owe More Taxes – WebCPA
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
Social Security recipients, working married couples or those who work more than one job may be receiving less money than they’re expecting from next year’s tax refunds. The IRS said many workers have been receiving small tax credit "advances" in their …
Read Original Story: Some Taxpayers May See Less Refund Cash Next Year – KIROtv.com
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 — mainly seniors — will …
Read Original Story: Surprise! 15 million will owe taxes on tax break – Hot Air (blog)
BUFFALO, NY (WIVB) – If you received a certain tax credit, you may want to hold on to your wallet. The federal government says it was too generous with its "Making Work Pay Tax Credit," meaning some 15 million taxpayers will likely owe money when they …
Read Original Story: Those who got tax credit will owe more – WIVB
(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
More than 15 million taxpayers could end up owing the IRS money next spring, an unintended consequence of a tax credit designed to stimulate the economy, the Treasury Department’s inspector general for tax administration said …
Read Original Story: Tax credit may mean higher tax bill – USA Today
President Obama’s "Making Work Pay" tax credit was an idea he first set forward during his presidential campaign. Unfortunately, it will soon take many Americans unawares and hurt some financially. The credit has been administered as part of the …
Read Original Story: The 'Making YOU Pay' tax credit – Washington Examiner
WASHINGTON — Some 15.4 million taxpayers could receive smaller refunds than they expected or owe taxes next year because they did not have enough money withheld from their paychecks as part of the Making Work Pay tax credit…
Read Original Story: Millions may have to repay part of stimulus tax credit – San Jose Mercury News
