Brian’s Tax Musings – Loss of the Making Work Pay Credit

Just a reminder for the 2011 tax year – The Making Work Pay Credit no longer exists!  Congress replaced it in 2011 with the 2% social security tax reduction (I am sure you have heard of that.)  So you will lose a $400 (single) or $800 (married joint) tax credit on this year’s tax return.  So don’t blame your preparer if your refund is less this year!

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