Exaggerated Tax Credits Extremely Not Cool: IRS to Call You, Ask for Money Back

“Millions of Americans enjoying their small windfall from President Barack Obama’s ‘Making Work Pay’ tax credit are in for an unpleasant surprise next spring.” Turns out altered IRS tax withholding tables unintentionally translate to millions of taxpayers receiving hundreds of dollars apiece in tax credits, only to learn they’re going to have to repay it.