Making Work Pay Calculator
The Making Work Pay credit allows a credit against income tax in an amount equal to the lesser of 6.2 percent of the individual’s earned income or $400 ($800 for married couples filing jointly). The credit applies retroactively to the start of 2009, and will be repeated again in 2010. While the Making Work Pay credit will put extra money in your pocket today, be sure to figure out exactly how it will affect you over the entire tax year by using our Making Work Pay Calculator.
Withholding Calculator
You should try to have your withholding match your actual tax liability. If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. If too much tax is withheld, you will lose the use of that money until you get your refund. For a recommendation on your withholding, please use our Withholding Calculator.
