Monday, March 16, 2009

Bigger PAYCHECK! Making Work Pay Tax Credit

On the 15th of this month I received my bimonthly paycheck and noticed that it was $22.00 more than last paycheck. Once I got into work today I emailed the lady who does paycheck and asked her what the deal was. She said that it was due to the new wage withholding rates. She mentioned that most employees saw a decrease in federal income tax. I came home and looked it up and found this new withholding table. Even though I believe in the fair tax I am not complaining about getting an additional $528.00 a year. Sense I have a budget and I stick to it it will most likely not be going back in the economy but I came across this article and actually make me feel better for saving.

I am not a fan of the American Recovery and Reinvestment Act of 2009 that became law earlier this year but I am sure as hell not going to be giving it back to the government. It says on the site that the Making Work Pay Tax Credit will mean $400 to $800 for many Americans. Did anyone else receive this...let me know!

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