One provision of the American Recovery and Reinvestment Act of 2009 was a tax credit that came to be called Making Work Pay. As the name of this credit implies, it is only for those with earned income. You should be aware of this oddly named tax credit, and I’m pleased to offer a detailed description of what it means to you in a guest post on the Turbo Tax Blog titled Taxes 101: Make Work Pay.
FTC disclaimer – I received no compensation for this post, in fact I even bought my own copy of Turbo Tax this year. If they offer me a T-Shirt, however, I’ll take one and disclose it here. If you FTC people read me and would like to send me a T-Shirt, I’d even wear it.
Joe