Well, for my 2005 year, I had between 28% and 33% deducted from my paychecks, totalling $43k (after $25k deductions). For the first year since I got married I received a refund of a whopping $1,700 (usually, since I married 5 years ago, I owe about $500). I doubt the credit will help me if it doesn't actually refund money back if I don't owe this year. But, it'll certainly help to make sure I don't owe at all.

I try to make my money work for me in the meantime, I actually don't like refunds or owing the IRS at the end of the year. I'd rather it be invested in the meantime, making me more money in the long run, but thats just me, not most Americans.


Thanks,
Shawn