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Working/Pensioned Senior Workers May Need To Repay Tax Credit

Alexandria, VA (February 17, 2010) Confusing new tax rules, and an incorrectly administered tax credit, will cause major headaches for seniors who worked in 2009, who got a pension, or both, says The Senior Citizens League (TSCL), one of the nation’s largest nonpartisan seniors groups. "An estimated 7 million seniors who received a little more money in their pay and/or pension checks due to the new ‘Making Work Pay’ tax credit may receive a smaller-than-expected refund, or even wind up owing something at tax time," states TSCL Chairman, Daniel O’Connell. For some, the tax surprise could be steep.

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