Withholding of Income Taxes and the Making Work Pay Tax Credit.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Income tax.

Social security.

Tax incentives.

Withholding tax.

Physical Description:

1 online resource (1 online resource (14 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 12-R4-0969c in the 2012 issue.

Reviews eligibility for the making work pay (MWP) tax credit authorized under P.L. 111-5, the American Recovery and Reinvestment Act of 2009. Describes how some taxpayers may be affected by implementation and expiration of MWP tax credit, and identifies which taxpayer groups may have had their income tax underwithheld. Explains circumstances in which some workers may have received more under MWP tax credit compared with 2% reduction in social security payroll tax.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Withholding of Income Taxes and the Making Work Pay Tax Credit

Access Restriction:

Restricted for use by site license.