Making Work Pay Stimulus Tax Credit

The stimulus law includes a new tax credit for many U.S. workers. If you qualify for the tax credit, you may soon be enjoying an increase in your take-home pay!

Learn

Learn

How To

How To

Get tips about how to qualify for and claim the tax credit.

Tools

Tools

Calculate your savings with the Making Work Pay Savings Estimator.

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Movie

Making Work Pay Movie

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|Devin

Making Work Pay Profile: Devin

Devin works as a graphic designer for a small company. He is an eligible individual for the ARRA Making Work Pay Credit. As a single taxpayer, the maximum credit available to Devin is the lesser of 6.2% of earned income or $400 for the year.

Devin's Tax Credit:
 $2,550  Monthly Take-Home Income
+$33.33  Making Work Pay Credit
=$2,583  New Monthly Take-Home Income

This profile is provided for illustrative purposes only. It is not intended to provide actual tax savings or financial advice. Consult your tax advisor.

To estimate your savings with the Making Work Pay Savings Estimator, click here.

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The information contained herein is drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy. The content is not intended to be, and should not be relied upon as, tax, legal, or financial planning advice. Consult your tax advisor for specific advice.

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