Grassley: Rushed Stimulus Package Leaves Taxpayers Facing Problems With Making Work Pay Tax Credit

Posted by Iowa RealEstateRama
November 16, 2009
November 16, 2009 - (RealEstateRama) -- Sen. Chuck Grassley, ranking member of the Committee on Finance, today made the following comment on a new report saying that a $400 tax credit provided by the economic stimulus plan may leave more than 15.4 million Americans owing money to the IRS because of under-withholding from their paychecks. The Treasury Inspector General for Tax Administration (TIGTA) today released its review of the IRS’ administration of the making work pay credit. Recent reports have documented administrative problems with the homebuyer tax credit and the existing health care tax credit

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