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Will Obama changing the tax credits affect tax returns?

Asked by: kcomment 281 views YA Discussion

Now that most people are noticing less money on their paychecks, due to the changing of the tax credits. I am wanting to know if that is going to lower the middle and lower classes tax refunds this year? Or will it affect next years?

1 Answers

  1. Wayne Z on Jan 25, 2013 Reply

    The change was due to the social security tax rate. The rate was temporarily reduced for 2011 and 2012. It went back up to its previous rate on 1/1.

    It will no effect on anyone’s tax returns.

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