Millions will have to repay part of tax credit - Spokane, North Idaho News & Weather KHQ.com

Millions will have to repay part of tax credit

WASHINGTON. - 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.

The Treasury Department's inspector general for tax administration issued a report Monday saying that 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.

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.

  • Most Popular StoriesMost Popular StoriesMore>>

  • New York State illegally moving convicted sex offenders from prisons into group homes with the developmentally disabled

    New York State illegally moving convicted sex offenders from prisons into group homes with the developmentally disabled

    Thursday, September 20 2018 9:14 AM EDT2018-09-20 13:14:31 GMT
    Three State agencies are involved in placing convicted sex offenders in group homes or hiding this information from the families and the general public>>
    Three State agencies are involved in placing convicted sex offenders in group homes or hiding this information from the families and the general public>>
  • Opponents and activists for I-1639 sound off

    Opponents and activists for I-1639 sound off

    Saturday, September 22 2018 9:16 PM EDT2018-09-23 01:16:50 GMT

    SPOKANE, Wash. - Initiative-1639 has been the root of controversy ever since supporters began asking for signatures. It became even more complicated when the Washington Supreme Court overturned a Thurston County judges decision after the judge initially threw out over 300,000 signatures saying the petition didn't follow election law claiming it was unreadable. 

    >>

    SPOKANE, Wash. - Initiative-1639 has been the root of controversy ever since supporters began asking for signatures. It became even more complicated when the Washington Supreme Court overturned a Thurston County judges decision after the judge initially threw out over 300,000 signatures saying the petition didn't follow election law claiming it was unreadable. 

    >>
  • Hayden students go viral for patriotic flag photo

    Hayden students go viral for patriotic flag photo

    Thursday, September 20 2018 8:04 PM EDT2018-09-21 00:04:30 GMT

    HAYDEN, Idaho - Old Glory flies triumphantly above Hayden Meadows Elementary. But, every day at the end of school, three keepers of the flag make sure she’s in safe hands. Fifth graders Naylan Tuttle, Jack LeBreck, and Casey Dolan go through the steps necessary to make sure the U.S. flag is properly folded and stored without it ever touching the ground.

    >>

    HAYDEN, Idaho - Old Glory flies triumphantly above Hayden Meadows Elementary. But, every day at the end of school, three keepers of the flag make sure she’s in safe hands. Fifth graders Naylan Tuttle, Jack LeBreck, and Casey Dolan go through the steps necessary to make sure the U.S. flag is properly folded and stored without it ever touching the ground.

    >>
HD DOPPLER 6i
/