Making Work Pay Tax Credit

[deltaj]

Yesterday our tax refund check arrived and suddenly it was about $700.00 more than the refund amount my husband and I listed on our tax return. I was thrilled but decided to look at the refund amount on our return. I was thinking am I losing my mind? I am only 55. Why can't I recall the correct amount oof my tax refund? Am I getting Alzheimers or dementia or what? I pulled out the 2010 return and the dollar amount on the return didn't match the amount shown on the tax return. I sat there looking at our tax return and trying to find why the check was about $700 more than the amount listed on the return. I couldn't find any error that I had made preparing the tax return. Meanwhile my husband then started going through the rest of the mail and there was a letter from the IRS stating that our refund had been increased by about $700.00 due to the Making Work Pay Tax Credit for 2010. THE LETTER STATED THAT MY TAX RETURN HAD BEEN AMENDED THIS YEAR TO INCLUDE THE TAX CREDIT BUT IF I WANTED THIS TAX CREDIT IN THE FUTURE I WOULD NEED TO FILE SCHEDULE M WITH MY TAX RETURN. I went to the website of the IRS and discovered this CREDIT was available for 2009 and 2010 returns for workers or couples whose earned income exceeding certain dollar amounts or certain other people who weren't working. In order to receive the tax credit a schedule M must be filed with the return. I AM UNSURE WHETHER PEOPLE WITH INCOMES OVER A CERTAIN AMOUNT IN 2009 OR 2010 OR ORTHERS ELIGIBLE FOR THE CREDIT COULD AMEND THEIR TAX RETURNS TO CLAIM THIS CREDIT SINCE THE IRS WEBSITE STATES THE SCHEDULE M FORM MUST BE RECEIVED BY THE IRS WITH THE RETURN. I was a federal worker for the U.S. Census in both years. This may be why the IRS, a federal government agency, chose to amend my return for 2010. My husband and I are happily headed for the bank today and intend to target some bills with our tax refund and place some extra money in our savings. Please remember to file Schedule M with your federal tax returns in the future.

Edited April 20, 2011 by deltaj

[caubulldog]

Yesterday our tax refund check arrived and suddenly it was about $700.00 more than the refund amount my husband and I listed on our tax return. I was thrilled but decided to look at the refund amount on our return. I was thinking am I losing my mind? I am only 55. Why can't I recall the correct amount oof my tax refund? Am I getting Alzheimers or dementia or what? I pulled out the 2010 return and the dollar amount on the return didn't match the amount shown on the tax return. I sat there looking at our tax return and trying to find why the check was about $700 more than the amount listed on the return. I couldn't find any error that I had made preparing the tax return. Meanwhile my husband then started going through the rest of the mail and there was a letter from the IRS stating that our refund had been increased by about $700.00 due to the Making Work Pay Tax Credit for 2010. THE LETTER STATED THAT MY TAX RETURN HAD BEEN AMENDED THIS YEAR TO INCLUDE THE TAX CREDIT BUT IF I WANTED THIS TAX CREDIT IN THE FUTURE I WOULD NEED TO FILE SCHEDULE M WITH MY TAX RETURN. I went to the website of the IRS and discovered this CREDIT was available for 2009 and 2010 returns for workers or couples whose earned income exceeding certain dollar amounts or certain other people who weren't working. In order to receive the tax credit a schedule M must be filed with the return. I AM UNSURE WHETHER PEOPLE WITH INCOMES OVER A CERTAIN AMOUNT IN 2009 OR 2010 OR ORTHERS ELIGIBLE FOR THE CREDIT COULD AMEND THEIR TAX RETURNS TO CLAIM THIS CREDIT SINCE THE IRS WEBSITE STATES THE SCHEDULE M FORM MUST BE RECEIVED BY THE IRS WITH THE RETURN. I was a federal worker for the U.S. Census in both years. This may be why the IRS, a federal government agency, chose to amend my return for 2010. My husband and I are happily headed for the bank today and intend to target some bills with our tax refund and place some extra money in our savings. Please remember to file Schedule M with your federal tax returns in the future.

Once my income exceeded the limits of getting any earned income credit my wife found this for us,every nickel helps we got $800 credit this year for it.

[Pete53]

The work credit is 400 for single and 800 for married provided both met the minimum amount of work income. It was a nice surprise for a lot of folks provided they knew about it. Nice to see that IRS is looking out for taxpayers.