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General Explanations of the Administrations Fiscal Year 2011 Revenue Proposals

SKU: 9781503373488

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General Explanations of the Administrations Fiscal Year 2011 Revenue Proposals, Fb Editions, 9781503373488

Description

The Making Work Pay credit is a temporary provision of the American Recovery and Reinvestment Act of 2009. In 2010 individual taxpayers are eligible for a refundable income tax credit equal to 6.2 percent of earned income up to a maximum credit of $400. Thus workers receive a credit on the first $6,452 of earned income.

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