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What's the problem for that handful of people? Their taxes don't change, they just won't have enough withheld to cover their taxes and they have to pay a little in. Maximum is $400 (S) or $800 (MFJ) and very few of that handful of people will owe that much. There's no penalty, no interest involved unless they file late.
Mistakes happen, this one really does hurts very, very few people -- if anyone. Get over it.
Wow thought democrats were for the working class people.
I am sure those that are going to not get a refund but instead owe will be pleased to get over it. To heck with the few that will have to pay. But Hey I'm for the working class people =)
Now keep telling us how democrats are for the working class while I laugh
Wow thought democrats were for the working class people.
I am sure those that are going to not get a refund but instead owe will be pleased to get over it. To heck with the few that will have to pay. But Hey I'm for the working class people =)
Now keep telling us how democrats are for the working class while I laugh
I very much doubt that anyone expecting a refund won't be getting one. Anyone who this might effect is likely someone who isn't sure from year to year whether s/he will owe or have to pay a few bucks in.
It must be too simple for some people to understand. If you received too much, you must pay it back. How it can be made any simpler, I am at a loss.
But you're wrong. That's not what happened. What happened is that some people had the amount of withholding reduced from two paychecks, resulting in the possibility that not enough was withheld to cover the taxes on combined income if they didn't fill out their W-4 correctly to compensate for being bumped into a higher tax bracket by the two incomes. If not enough was withheld to cover their taxes, they have to pay what they owe.
Seems the IRS wasn't clear with their rules. Imagine that.
<Sagran>'s post immediately above is entirely correct, and the IRS was perfectly clear with their rules. The nature and proper treatment of Make Work Pay was on their website well before the withholding changes went into effect. If you somehow weren't aware of what was going on, that would be something to go look in the mirror about, as it would have been some sort of shortcoming on your part in terms of Accountability® and Personal Responsibility®...
Last edited by saganista; 11-17-2009 at 02:10 PM..
Too bad for the people who used that money for cash for clunkers or to be added for a home with a tax credit and later find out they won't qualify and have to pay the tax credit back....
Even if the IRS "rules" were screwed up, there was no option to decline fewer taxes being taking out short of changing your W-4. Therefore, IRS should be forced to reconcile this error out of their own budget, not out of the pocketbooks of the people.
Laughable. That's like saying that since there is no option to keep your car from running out of gas short of stopping at a gas station, the manufacturer should pay to bring you more gas. Making sure that your tank doesn't reach Empty is YOUR responsibility. So is your W-4...
Laughable. That's like saying that since there is no option to keep your car from running out of gas short of stopping at a gas station, the manufacturer should pay to bring you more gas. Making sure that your tank doesn't reach Empty is YOUR responsibility. So is your W-4...
But....but.....but it's so hard to change my W-4.
If I'm one of those people who filled out his W-4's originally so that I'm on the edge every year and might have to pay in if that $400 wasn't withheld, I reap what I sow when I cut it that close.
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