(H/T – Hot Air Headlines)
The News Organization That Cannot Be Quoted™ found that millions of taxpayers, from married couples where both spouses work, to those with multiple jobs, to many retirees, will be getting a nasty surprise when they do their 2009 taxes. The IRS massively screwed up the tax withholding tables in their attempt to implement the $13/week “Making Work Pay” tax credit, which will cause many taxpayers to owe taxes come April. The really-bad news didn’t quite make the story – the IRS charges penalties for underwithholding, so those who try to manage their withholding situation so the Treasury doesn’t get to use a lot of their money interest-free will want to consult their tax professional ASAP.
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