Tax Woes

Here is something you may want to read, especially if you will have some earned income to claim on your tax return for 2009. It seems that all these wonderful tax credits that workers are getting may turn around to bite them when tax season rolls around next year.

For those with two jobs, they may be getting double the credit now but will have to pay it back at tax time. For married couples with both partners working, they may be getting more credit now than they will be allowed when taxes are filed next spring.

There seems to be some problems that may arise with Social Security beneficiaries who are gettitng the $250 check as well.

So read up on this and be prepared next spring to have to pay some of this credit back to the government.