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Thanks to Obama's Tax Credits

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.


http://www.cnbc.com/id/33965406
Tags: obama   tax  
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