Tax credit could cost some

UNDATED — By now many of us have gotten a few extra dollars in our paychecks, it's part of the Federal Stimulus plan.

But some may have to give the money back; they're getting too much. The amount you get back on every check may vary from 10 to 20 dollars, but in the end the government wants every single person to get $400 and married couples to get $800.

That's where it gets complicated. Samit darne is just now finding out about the stimulus cash he's getting,"what am i going to do with that?"

While it's not a lot — the extra cash is designed to get workers like Darne to spend a little more and get the economy moving.

"I've heard something about it," many like Sandy Hamilton also don't know about the stimulus money. What's worse, they may have to pay extra at tax time if they don't pay attention.

Here's how theIRS puts it. While everyone who makes less than $150,000 gets the money, some may get more.

That's because employers aren't taking into account if the person has another job or is married.

They end up getting too much money back now and owning the IRS later.

Keep in mind, the stimulus money is not taxable income, but it still has to be reported next year.

FIND OUT MORE:

"Making Work Pay" tax credit: http://www.irs.gov/newsroom/article/0,,id=204521,00.html

General information about the credit: http://www.irs.gov/newsroom/article/0,,id=204447,00.html