Comments on: Making Work Pay Credit – What Is It and Can I Use It? http://blog.turbotax.intuit.com/2012/04/16/making-work-pay-credit-what-is-it-and-can-i-use-it/ It's all about the refund Thu, 13 Jun 2013 19:26:13 +0000 hourly 1 http://wordpress.com/ By: TurboTaxLisa http://blog.turbotax.intuit.com/2012/04/16/making-work-pay-credit-what-is-it-and-can-i-use-it/#comment-37788 Tue, 22 Jan 2013 17:57:06 +0000 http://blog.turbotax.intuit.com/?p=9194#comment-37788 Hi Stanley,
The Making Work Pay Credit expired in tax year 2010. It was replaced by the Payroll Tax Holiday, which reduced the social security taxes deducted from your paycheck by 2% points. Both the Making Work Pay Credit and the Payroll Tax Holiday were temporary tax breaks to stimulate the economy.

Thank you,
Lisa Greene-Lewis

]]> By: stanley http://blog.turbotax.intuit.com/2012/04/16/making-work-pay-credit-what-is-it-and-can-i-use-it/#comment-37677 Sun, 20 Jan 2013 14:36:52 +0000 http://blog.turbotax.intuit.com/?p=9194#comment-37677 i think i have not claimed my make work pay credit in 2011, can i still claim it this year by filing Schedule M? thanks

]]> By: Edward C. Stengel http://blog.turbotax.intuit.com/2012/04/16/making-work-pay-credit-what-is-it-and-can-i-use-it/#comment-36919 Sat, 22 Dec 2012 06:52:46 +0000 http://blog.turbotax.intuit.com/?p=9194#comment-36919 I can’t help but be curious why the “make work pay credit” uses the social security tax rate of 6.2%, when in fact it is not a social security tax credit, but just an ordinary tax credit. I have to think that originally Obama, who sponsored the bill with this tax credit, originally wanted it to be deducted from social security but Congress wouldn’t go along with it. Am I right?

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