"Making Work Pay" Tax Credit

[Maglor]

https://www.walletpop.com/2011/01/19/dont-forget-about-the-making-work-pay-credit/


Definitely worth the trouble to fill out the form. Up to $400 for individual taxpayers and up to $800 for taxpayers married filing jointly.

 

[The Ween]

https://www.walletpop.com/2011/01/19/dont-forget-about-the-making-work-pay-credit/


Definitely worth the trouble to fill out the form. Up to $400 for individual taxpayers and up to $800 for taxpayers married filing jointly.

If I'm not mistaken, this was already done through your payroll. Mine was anyway. I noticed right away when the credit ended in January. My check was about $15 less. I think that schedule M is for self-employed people or people who don't have taxes taken out of their checks.

I have no idea what that holiday credit thing is. I'll have to ask about it.

 

[Maglor]

I'm self employed.

 

[The Ween]

I'm self employed.

Then you definately need to fill out the form.

 

[Maglor]

Ticks me off that my accountant didn't say anything about it last year.

 

[GrueSam]

Mine didn't either... Will def ask this time. Thanks!

 

[EXOTICLEX]

yep unless you are self employed then you don't need to bother

 

[man_vs_machine]

Time to get some new accountants from the sound of it.

 

[The Craw]

i'm not self employed. i got this last year and this year. you guys better double check on that.

 

[The Ween]

i'm not self employed. i got this last year and this year. you guys better double check on that.

2009 I got a government check in mail. 2010 they took less out for federal taxes. About $15 a check. That ended at the beginning of the year, but I have no idea about the holiday tax thingy that's suppose to cover this year. My pay's the same.

 

[Maglor]

Mine didn't either... Will def ask this time. Thanks!

You're welcome Samantha.


I just keep thinking that $400 = 2 Hot Toys figures.

 

[GrueSam]

LOL

I usually owe so much in taxes... but this will help a little.

 

[Maglor]

Since I started my own business, I've owed a lot two, but I think I got my quarterly payments right for the first time this year. So I hope to actually get something back.

 

[GrueSam]

I don't pay quarterly. I'd rather my money sit in my account as long as possible earning for me.

 

[BuffyGirl]

https://www.walletpop.com/2011/01/19/dont-forget-about-the-making-work-pay-credit/


Definitely worth the trouble to fill out the form. Up to $400 for individual taxpayers and up to $800 for taxpayers married filing jointly.

HA, no wonder our taxes were lower than we expected. We pay since it's contract work.

 

[Maglor]

I don't pay quarterly. I'd rather my money sit in my account as long as possible earning for me.

I hear ya. But the little bit it would make me in interest isn't enough to pay for the moment when I hear the grand total at the end of the year and have to pony up the lump sum.

Plus, I avoid the minimal penalty I would get for not filing quarterly.

 

[LOTRFan]

My "earned" the $800. Already got my return, about a week ago.

 

[devilof76]

Here's the criteria for eligibilty.

https://www.walletpop.com/2010/02/19/are-you-eligible-for-the-making-work-pay-tax-credit/