The package extends many Bush-era tax breaks, including lower rates, and cuts the Social Security payroll tax from 6.2% to 4.2%.
Taxpayers who didn't have enough withheld because of the Making Work Pay credit will have to pay up when they file.
Provisions on Coverdell accounts, capital gains, IRA gifts to charity and other extensions benefit those who are not rich.
The plan extends tax cuts, including the estate tax and the child tax credit. It also cuts payroll taxes. The unemployed and businesses would benefit, too.
Two energy tax credits can help you save energy and tax dollars.
Can you find more than five Tax Code provisions to criticize?
Many are failing to file the proper paperwork to receive the $400 ($800 per couple) Making Work Pay credit.
The child tax credit and other tax breaks mean more middle-class earners are paying no federal tax at all. Is that right?
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