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Attached Document:
10dc010.pdf
OMM/OCFS/OTDA Materials: Temporary Assistance GIS Messages
10 TA/DC010: The Treatment of Making Work Pay and Child Tax Credits for TA, MA and FS
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The American Recovery and Reinvestment Act (ARRA) signed into law by President Obama in February 2009 included a provision providing for a temporary refundable tax credit called the Making Work Pay (MWP) credit. For people who receive a paycheck and are subject to income tax withholding, the MWP was designed to reduce tax withholding and give workers higher take home pay. Taxpayers who did not have income taxes withheld by an employer during the year, can receive the credit as a lump sum refundable credit. Taxpayers may also receive as a refund earned income tax credits (EITC) and additional child tax credits. The amounts of these credits received as a refund can be established from the taxpayer's tax return. This GIS details the treatment of these credits for TA, MA and FS when received as a refund.
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Created: 3/23/2010
Updated: 3/23/2010
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