MR #10.15: ARRA-Making Work Pay Tax Credit

MR #10.15: ARRA-Making Work Pay Tax Credit

Summary:

• The Making Work Pay Tax Credit is exempt as income for cash, medical and SNAP benefits.
• The Making Work Pay Tax Credit is exempt as an asset for the two months following the month of receipt for all programs that count assets.
• The credit is received either by a reduction in the wage earner's federal withholding tax, or will be paid with the wage earner's 2009 and 2010 tax refunds.
• The Making Work Pay Credit is only available for the 2009 and 2010 tax years.