Media Center

Americans are facing the most severe economic and financial hardships that this country has seen in generations. Tragically, much of the damage has fallen on hardworking middle class workers. To help Main Street families get back on their feet, President Obama signed the Making Work Pay tax credit into law in February. As a result, many families across the country are seeing more money in their paychecks. Additionally, IRS guidance requests that by April 1st all employers must have instituted the lower withholdings for their employees.

“The Making Work Pay tax credit is yet another piece of our commitment to helping Americans face the current economic crisis,” said Rep. Scott. “This legislation will help to keep much needed money in the paychecks of workers who are struggling to pay their bills each week. We have already seen significant results from the American Recovery and Reinvestment Act with saved jobs; however, as workers begin to see more money in their checks they will immediately notice the impact of the Recovery Act.”

The Making Work Pay tax credit is the tax reduction centerpiece of the American Recovery and Reinvestment Act of 2009. The credit provides over 110 million working families – about 95% - with tax relief from rising costs and stagnate wages and gives up to $400 for adults and $800 for families over the course of a year. To learn more about the new withholding tables issued by the IRS, visit www.irs.gov/pub/irs-pdf/n1036.pdf.

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