The Making Work Pay Tax Credit Is On It's Way To Your Paycheck

By
Real Estate Agent with Village Real Estate Services, Inc.

 

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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Rainmaker
140,962
Khash Saghafi NMLS
Liberty Home Mortgage Corporation - Cleveland, OH
Mortgage Loan Officer, Cleveland OH NMLS 1114762

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.

Mar 31, 2009 02:09 PM #1
Rainmaker
495,818
Richard T. Dolbeare, R(B)
eXp Realty - Wailuku, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist

Hmmm, somehow I missed hearing about this.  Since I don't get a paycheck I guess it won't put pizza money in my pocket.

Mar 31, 2009 03:58 PM #2
Rainmaker
238,029
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate

Hi Khash - I was glad to read about this.  I thought it was important to bring it to everyone's attention because that small amount could get overlooked and spent before taking an opportunity to put it into savings.

Hi Richard - Yes, you'll just have to find your pizza dollars elsewhere - got bottles and cans to recycle?

Mar 31, 2009 05:12 PM #3
Ambassador
2,137,824
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

And us poor people who get a 1099 at the end of the year get what from this? Hey, just send me a check today Mr. President, I promise to spend it!

 

Mar 31, 2009 08:45 PM #4
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Rainmaker
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Marlene Bridges

Laguna Homes|Laguna Condos|Laguna Real Estate
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