January 22, 2010 – 1:37 pm
The Making Work Pay Tax Credit
Created by the ARRA federal bill with an aim at leading to an economic recovery in the US, the Making Work Pat tax credit is something you should be familiar with when completing your tax return for 2009, according to the IRS. The first thing you will notice is a $400 refundable tax credit for single tax filers and an $800 tax credit for married couples. If your employer has taken the credit out of your withholding already, you will not be eligible for an additional credit.
Use Schedule M if you feel … Read the rest
By Steve
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Posted in tax credit, tax tips
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Also tagged additional credit, Credit, making work pay, making work pay tax credit, refundable tax credit, schedule M, Tax, tax credit, tax filers, US
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January 8, 2010 – 4:02 pm
Use the Tax Form that fits You
Filing your Federal Tax Return requires you to select at least one form, a 1040 form. But there are a number of 1040 forms available depending on the complexity of your return. Here are the criteria to consider when selecting a 1040 form.
The 1040EZ is used when your taxable income is less than $100,000, your are married filing joint or single, you are under the age of 65, not blind, you have no dependents, your income from interest earning accounts produced less that $1,500 during the year, and you do not … Read the rest
