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Tips from the IRS-Making Work Pay Credit

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Published on Jun 17, 2009

HAVE YOU NOTICED THAT YOUR PAYCHECK OR RETIREMENT CHECK IS BIGGER LATELY?

IT MIGHT BE BECAUSE OF THE "MAKING WORK PAY" TAX CREDIT. THAT'S GOOD NEWS FOR MOST OF US BUT....
IF YOU HAVE MORE THAN ONE JOB

ARE MARRIED AND BOTH OF YOU WORK

YOU RECEIVE A PENSION

OR IF YOU CAN BE CLAIMED AS A DEPENDENT ON SOMEONE ELSE'S TAX RETURN

GO TO I-R-S-DOT-GOV AND CHECK OUT OUR WITHHOLDING CALCULATOR JUST TO MAKE SURE YOU ARE HAVING ENOUGH TAXES TAKEN OUT OF YOUR CHECK.

FOR A FEW PEOPLE WHO DONT HAVE ENOUGH WITHHELD, THIS COULD MEAN EITHER A SMALLER REFUND OR EVEN A TAX BILL WHEN YOU FILE IN 2010.

IF THE WITHHOLDING CALCULATOR SAYS YOU NEED MORE TAKEN OUT

JUST FILL OUT A NEW W-4 WITHHOLDING FORM AND GIVE IT TO YOUR PAYROLL DEPARTMENT.

FOR MORE INFORMATION, GO TO I-R-S-DOT-GOV.KEY WORD WITHHOLDING CALCULATOR.

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