Just a heads up if you'd forgotten. You might want to check your withholding. Thanks to Obama's "Making Work Pay" credit we would have been about $600 short on our withholding for the year if I hadn't caught it. He didn't tell you what he meant by "making work pay" was you might have to pay the IRS next year if you don't pay attention.

The IRS info you need is here (http://www.irs.gov/individuals/article/0,,id=96196,00.html). Don't say I never did anything nice for you :)

Is this the same thing as when we got that money from W?

Is this the same thing as when we got that money from W?

I believe Bush's was a tax rebate. I never had to worry about having too little withheld from my check. All I'm saying is it would be wise for some of us to check your withholding so you don't get stuck with a tax liability next year, especially two income couples.

Doesn't matter . What Uncle Sam don't take NY and NJ divvy up .

I am glad I donated my old car to the purple heart. They sold it for 1,500.00 I think I can write that off. I can't believe they got 1,500.00 for it you had to use a screw driver to get it out of park!

doesn't matter . what Uncle Sam don't take NY and NJ divvy up .

I love not having a state income tax. :)

I love not having a state income tax. :)
I got 2 of them . And it's NY's fault . NJ and Penn. Have an agreement to not screw the commuter . NY thinks it's such a great state that you should consider it an honor to pay NY income taxes if you work across state lines.

I love not having a state income tax. :)

Yes so do I, but then I love not having any income taxes at all:D

The media finally caught up to this (http://www.cnbc.com/id/33965406)...


Millions May Have to Repay Part of Obama Tax Credit
Published: Monday, 16 Nov 2009 | 10:26 AM ET

By: AP

More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.

Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages, according to a report Monday by the Treasury Department's inspector general for tax administration.

The tax credit, which is supposed to pay individuals up to $400 and couples up to $800, was President Barack Obama's signature tax break in the massive stimulus package enacted in February.

Most workers started receiving the credit through small increases in their paychecks in April. The tax credit was made available through new withholding tables issued by the Internal Revenue Service.

The withholding tables, however do not take into account taxpayers with multiple jobs or married couples in which both people work. They also don't take into account Social Security recipients with jobs that provided taxable income.

The Social Security Administration sent out $250 payments to more than 50 million retirees in the spring as part of the economic stimulus package. The payments were meant to provide a boost for people who didn't' qualify for the tax credit.

However, they went to many retirees who also received the credit. Those retirees will have the $250 payment deducted from their tax credit—— but not until they file their tax returns next year, long after the money may have been spent.

"While implementing a credit through reduced withholding is an effective way to provide economic stimulus evenly throughout the year, it is difficult to account for everyone's circumstances," said J. Russell George, the Treasury inspector general for tax administration. "More than 10 percent of all taxpayers who file individual tax returns for 2009 could owe additional taxes."

The tax credit is also available for 2010. Russell said the problems will continue in 2010 if they are not resolved.

I repeat, if you fall into one of the highlighted categories you need to check your withholding... for next year also. Otherwise the Obama administration may have another "present" for you, an unexpected tax bill.