• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Taxes / Stimulus money is on its way

Stimulus money is on its way

February 24, 2009 By WRN Contributor

More money could soon be coming your way!

You don't have to do anything; your paycheck will increase almost automatically.

"Most of us will start seeing an increase in our take-home pay this spring as employers adjust the amount of tax withheld from our checks as part of the newly-enacted Making Work Pay credit."

Christopher Miller with the IRS in Wisconsin explains this is the money you've been hearing about. The so-called Making Work Pay credit is one of the key tax provisions included in the new stimulus package (American Recovery and Reinvestment Act of 2009) that President Obama signed into law last week.

"The Making Work Pay credit is 6.2% of the taxpayers' earned income, with a maximum of $800 for married couples and $400 for other taxpayers."

Miller says the credit is phased out for higher income taxpayers, making more than $75,000. Most of us will get about 13 bucks per paycheck, unlike previous years when we all got a separate check in the mail, with some folks mistaking it for junk mail.

Miller reminds us, we'll need to claim the credit when we file our 2009 income tax return next April.

AUDIO: Jackie Johnson report (1:17 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Taxes



Featured Stories

Evers appoints Kirsten Johnson to lead Wisconsin Department of Health Services

UW System releases results of student survey on free speech and free expression

State Senate Natural Resources Committee gets PFAS update

Evers delivers State of the State address

Abortion rights rally highlights Wisconsin Supreme Court race

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2023 · Learfield News & Ag, LLC