Tuesday, April 13, 2010 - 7:26 AM

Don't Forget the Making Work Pay Tax Credit

Several Bogleheads members reported that they almost missed this new and temporary tax credit.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Tuesday, April 13, 2010 - 4:45 PM

File Schedule M to get up to $400 if single filer or $800 if joint filer if you have earned income (that is a working wage). The amount is reduced if you received the 2009 economic recovery credit that was issued to Social Security benefit recipients last year.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

2. Tuesday, April 13, 2010 - 5:52 PM

Thanks Ken:

You saved me again!

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

3. Wednesday, April 14, 2010 - 4:32 PM

I forgot to add that the amount is reduced if your adjusted gross income exceeds $75,000 if single or $150,000 if married filing jointly.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819