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For 2010, there is a "making work pay" tax credit of up to $400. If you made below the threshold to pay taxes (around 16000 for single), then you would get all you paid in back, plus some or all of the $400 tax credit. In some instances, employers were able to not withhold the amount for the tax credit (giving you extra in your check) so that you don't get the tax credit. That is apparently a fairly rare situation, however.

The $400 tax credit maxes out at $400, and is reduced based on income, beginning around $60000 if filing single, going to zero once over $75000. Sorry I don't have the exact numbers, but they are in most of the worksheets. Search the IRS web site for "making work pay" and it will provide exact details.

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14y ago

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