Monday, February 2, 2009

What the tax cuts might mean to you

"The credit would essentially work as a payroll tax credit equal to $500 a year for individuals and $1,000 for couples. And the money could be delivered fairly quickly simply by having employers reduce the tax withholding in a person's paycheck...

Assuming a worker gets a paycheck every two weeks, a $500 tax break amounts to $19.23 extra a paycheck. A $1,000 break for couples is the equivalent of $38.46 per pay period."


Read the whole article at CNNMoney.com

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