You may notice a few more dollars in your next paycheck. The "Making Work Pay Tax Credit" goes into effect this week. Employers are supposed to have adjustments in place by Wednesday, April 1, 2009. This is a part of the economic recovery package passed in February.
You won't be able to buy a new car with it, but it could get you a pizza if you have a coupon! How much money are we talking about? For singles you may see $15-20 per week. For marrieds who file joint returns, probably about $15-20 per week. If you have earned income, you're eligible.
For more details, read the CNN story.
If you've been thinking of buying a home in Orange County, California, you may want to take that extra $40 - $60 a month and put it into a savings account. It doesn't seem like very much in each paycheck, but it could add up to an extra $400-$800 per year.
Marlene Bridges, REALTOR®
800 777-1775 - Toll Free ~ or ~ Text Me 714 745-2592
Orange County Real Estate Website
Orange County Seniors Lifestyles Blog
SRES - Seniors Real Estate Specialist®
CRS-Certified Residential Specialist®
President - Laguna Hills/Laguna Woods Chamber of Commerce 2007-2009
President Elect - Southern California Chapter Certified Residential Specialists® 2008 - 2009
Marlene is a highly experienced and respected South Orange County CA REALTOR® specializing in residential Real Estate and the sale of Homes and Condos in South Orange County, California and Saddleback Valley cities of: Laguna Woods, Laguna Hills, Laguna Niguel, Laguna Beach, Rancho Santa Margarita, Lake Forest, Dana Point, San Juan Capistrano, San Clemente, Aliso Viejo, Mission Viejo.
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Hey Marlene,
This is great information for everyone out there to just pay attention to in their paychecks. There is so much information out there about all of the stimulus and a lot of other parts to it, but you do not hear much about this one. I am sure that some smaller companies who handle their own payroll might just miss this.