TITLE

"Making Work Pay Credit" Mandates Tax Withholding Checkup

PUB. DATE
August 2009
SOURCE
Federal Tax Course Letter;Aug2009, Vol. 23 Issue 8, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the Internal Revenue Service's (IRS) reminder in the Special Edition Tax Tip 2009-4 in the U.S. It mentions that the IRS reminded taxpayers that the Making Work Pay Credit reduced tax withholding rates in 2009 for 120 million American households. It mentions that MWPC is established in an effort to place more money into the hands of workers in the form of reduced income tax withholding. It adds that MWPC is reduced by 2% of the taxpayer's modified adjusted gross income.
ACCESSION #
44047994

 

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