Tuesday, March 31, 2009
More Money In Your Paycheck Soon
Many Americans will be seeing more money in their paychecks in the coming weeks. The credit is available to those with earned income. It's worth up to $400 a year for single filers and $800 for joint filers.President Obama has asked that all employers adjust their payroll systems by Wednesday so eligible workers can start receiving the new Making Work Pay tax credit through their paychecks. The credit, available for 2009 and 2010, was a part of the economic recovery package lawmakers passed in February.
Now do not look at your check expecting this great big windfall because it is not coming. divide the 400 or 800 by 52 weeks and you will see it is not a great amount, but in a time of recession every little dollar can sure help us. I guess this is a start, but we still have a long way to go before we are out of this recession, but more money in our pockets cannot hurt.