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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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