But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.
At-risk taxpayers include a broad swath of the public: married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income.
Who's suprised.....?
The “messiah” wouldn’t lie to the “little people,” would he? There are going to be a lot of white boys fainting next April 15th and they won’t have to go to an Obama concert to do it.
It wouldn't be a bad idea to contact your personnel department and have them put your withholding back to what it was.
Just sayin’.
So whats to be done?
I suspected as much so I increased my bi-weekly withholding by $50 bi-weekly!
It hurts, but I need to make money work for ME!
BTW...I’m not the only one!
IMHO when people figure out at the end of next January that their tax return is going to be much smaller than it normally is there is going to be great screaming. Lots of people spend their returns before they get them and next year they will not be able to pay off what they have already bought.
Be in D.C. to Push Back Until!
maybe this is a bad thing to say, but I am going to anyway.
GOOD I AM GLAD!
Maybe the sheeple will wake up just in time after April 15 and remember long enough through September to vote these people out of the congress and senate who voted for this mess. ALL OF THEM.
All we have to do is get some real conservatives to run a decent campaign and it could be a landslide against the thieves in congress who are raping the country.
People here on FR have been saying this since the beginning. Obama’s “tax cuts” are NOT tax cuts. At my liberal workplace, I ask friends if Obama has cut their tax rates...they admit that he has not....then I remind them that they’ll be paying more next spring.
One guy went and had more money withheld when he realized he’d been duped. Of course, he still loves Obama.
Many of us have been saying this since Obama lied about a ‘tax cut’ for 95%!
******
A married couple with a combined income of $50,000 is eligible for an $800 credit. However, if both spouses work and make more than $13,000, the new withholding tables give them each a $600 boost — for a total of $1,200.
wow. didn’t see that coming.../s/
bttt