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Archive: June, 2010

Payroll Tax Credit for 2009 & 2010

Posted by admin - June 1, 2010 - Tallahassee Tax Service, TallyTaxMan
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For 2009 and 2010, Congress gave workers a credit of 6.2 percent of their earned income, capped at $400 for single filers and $800 for joint filers. For single filers, the credit begins phase-out at $75,000 of Adjusted Gross Income and ends at $95,000. The phaseout range for couples is $150,000-$190,000. Employees will get the [...]

Read More Income Tax Preparation, Small Business Tax, Tallahassee Tax Service, TallyTaxMan, Tax Deductions
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