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Saturday, January 2, 2010

Making Work Pay Tax Credit may Have Adverse Effect

Millions of taxpayers started taking home more money in their paycheck in April 2009.  However, the tax table does not take into account the following senarios:

  • Married Couples Who Both Work
  • Persons with Multiple Jobs
  • Retirees who have taxes Withheld from their Social Security or Pension
  • Taxpayers who work but are depents of others
Review your W-4 today to avoid an unpleasant surprise.  Also, to calculate your refund go to http://www.dinkytown.net/java/Tax1040.html

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