http://2010taxes.org Free Tax Return Filing Options Mon, 06 Feb 2012 02:41:18 +0000 en hourly 1 http://2010taxes.org/2010/02/01/the-government-retiree-tax-credit/ http://2010taxes.org/2010/02/01/the-government-retiree-tax-credit/#comments Mon, 01 Feb 2010 22:41:03 +0000 Steve http://2010taxes.org/2010/02/01/the-government-retiree-tax-credit/

The Government Retiree Tax Credit

If you are a government retiree and received a pension during 2009, you could be eligible to the Government Retiree Tax Credit. An extra $250 in tax credits is available to federal, state and local government retirees. This credit was created with the ARRA bill passed early in the current presidential administration’s tenure.

If you have a pension or annuity outside of the social security system, this credit is available to you. This credit and the Making Work Pay credit cannot both be claimed. Therefore your Making Work Pay credit is reduced if you worked … Read the rest

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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

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