The Federal Tax Credits Blog

Posts Tagged ‘wtc’

Question: has anyone had an overpayment on their tax credits,if so what happened and did u have 2 pay it back?

Answer: Because hubby and I are self employed and they give us our tax credit on what they think we will make next year based on what we made this year, we got hit pretty hard. We made a rubbish profit a couple of years ago so last year they gave us some money. We then made a good profit last year and because we did they demanded all the money back that they had given us. Because this year’s is based on the good profit we made last year, we get nothing. So we are paying it all back in monthly installments.
If we make a rubbish profit this year, then theoretically they owe me for what they haven’t given me plus what they assume I will make next year. But I daren’t spend it in case they demand it all back the year after!!

It’s all so complicated and a totally stupid system, especially for the self employed.

MENIFEE: City launches finance review

A review of the city’s financial systems is slated to launch this week on the heels of several billing irregularities that have recently come to light.

Labor Unions Protest in New York Against Bailout

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Tax credits

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Reflections & Warnings A Film By Alex Jones Part 1 / All Credit Goes To Alex Jones And His Crew