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

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

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

This report is one in a series of updates. For the most recent coverage of this report series, please see 11-R4-0969b in the 2011 issue

Notes:

CRS Report

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

Vendor supplied data

Other Format:

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

Publisher Number:

CRS-2012-DSP-0019

Access Restriction:

Restricted for use by site license