Tuesday, March 31, 2009

The stimulus bonus is here



Didn't I tell you Barack was that dude? Thanks to his new tax credit plan, we will all start seeing a few extra bucks coming in on our paychecks.

From CNN:
President Obama has asked that all employers adjust their payroll systems by Wednesday so eligible workers can start receiving the new Making Work Pay tax credit through their paychecks. The credit, available for 2009 and 2010, was a part of the economic recovery package lawmakers passed in February.

Just how much extra cash you will see depends on your marital status, your salary and how many allowances -- or exemptions -- you normally take.

As a rough guide, singles eligible for the credit might get between $10 to $15 per paycheck if paid weekly; for those married filing jointly, they're likely to see an extra $15 to $20.
Here's the link to the full story.

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