How to Increase Your Income with the Making Work Pay Tax Credit

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How to Increase Your Income with the Making Work Pay Tax Credit – This is a place for the community to provide tips and advice on How to Increase Your Income with the Making Work Pay Tax Credit. This topic was created by Linda Karamete and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - $400 or $800 Making Work Pay Tax Credit - Money Under 30

Published: 9 years, 4 month(s) ago | Submitted by carl frischkorn | permalink

IMPORTANT: This article applies to a tax credit in 2009 and 2010 that has now expired. Use this information for historical purposes only. The information here does NOT apply to current tax years. Bundled in the 2009 economic stimulus plan is the $400 ($800 for couples) Making Work Pay tax credit that will provide …

For further reading: http://www.moneyunder30.com/400-800-making-work-pay-tax-credit ^[1]

Tip 2 - Create a tax credit of $500 for workers

Published: 9 years, 4 month(s) ago | Submitted by bailey bailey | permalink

Enact a Making Work Pay tax credit that would equal 6.2 percent of up to $8,100 of earnings (yielding a maximum credit of approximately $500). Indexed for inflation.

For further reading: http://www.politifact.com/truth-o-meter/promises/obameter/promise/32/create-a-tax-credit-for-workers/ ^[2]