• Data Initiative

• Earned Income Tax Credit

  • Tax Sites
  • The Piton Foundation's Tax Credits for Working Families Campaign
  • Low Income Taxpayer Help
  • 2011 Tax Year Promotional Materials
  • Filing Options Available
  • The Earned Income Tax Credit in Colorado
  • Learn More about the Earned Income Tax Credit
  • Employers: Help Your Workers Get Their Tax Credits
  • More Tax Credits
  • Non-Profits: Help Your Clients Get Their Tax Credits
  • Still Another Tax Benefit for Families! The Child and Dependent Care Credit
  • The Child Tax Credit: Extra Credit for Many Working Families!
  • Education Tax Credits for Families: The American Opportunity Credit
  • Education Tax Credits for Families: The Lifetime Learning Credit
  • Saver's Tax Credit: Workers Can Save for Retirement and Reduce Income Taxes

• Tax Help Colorado

Economic recovery and reinvestment act of 2009

Update: The Making Work Pay Tax Credit

The American Recovery and Reinvestment Tax Act of 2009 (ARRA) for tax years 2009 and 2010 signed by the President, gives most working people a $400 credit (single), or $800 credit (for joint filers). However, this credit begins to phase out between $75,000 and $95,000 for single filers and $150,000 and $170,000 for joint filers. What is different about this credit versus the 2008 economic stimulus payment is that workers  do not receive a check from the IRS this time. Instead, the credit is paid through a reduction in income tax withholdings from paychecks starting April 2009 and continuing through December 2010. On average, a single worker received an extra $15 per week during the last half of 2009. The weekly pay increase decreases to about $8.00 in 2010 as the credit is spread over the entire year. A valid Social Security Number is required to claim the credit, but in the case of married couples filing jointly, only one person needs a SSN. If someone is not working, or is self-employed, they will receive the credit, if eligible, when they file their 2010 tax return.