Comments on: Making Work Pay Credit Could Surprise Some Taxpayers in 2010

By: Danielle

Danielle — Sun, 07 Mar 2010 00:56:41 +0000

I too found I got an extra $400 back in my refund today, but haven’t gotten the notice from IRS yet. I was under the impression that I got my $400 spread out through last year in my pay, because it went up a couple of dollars. But now I am getting this refund…is this extra $400 for 2010 MWPR or did they goof and give me the $400 twice? I certainly don’t want to mess with the IRS!

Did anyone else see the same thing with their refund?

By: Fred

Fred — Fri, 05 Mar 2010 20:30:37 +0000

Michael is correct, if this is like any of the other stimulus tax credits we received in the last 10 years it’s really an advanced on next years tax return.

By: Michael

Michael — Thu, 04 Mar 2010 23:13:40 +0000

This credit is ultimately a red herring that’s been deeply embedded into the ARRA with fine print and tight-lipped IRS personnel. Yes, it’s technically a tax credit, but the truth is that most of the people who qualify for it were additionally taxed. It’s almost the same as someone stealing your wallet and giving you back 20 bucks. An optical illusion; nothing more. This is assuming you even know about the credit to begin with, which makes it an even bigger windfall for the government. And if you do qualify and take the credit, beware next year…

By: Rob

Rob — Wed, 03 Mar 2010 22:56:22 +0000

Lyn, I file the same and did not ask for the credit. The IRS sent me a notice stating that I qualified and they have automatically adjusted my return for me to include the $400. Your brother should be getting the same soon.

By: Ask the taxgirl: Did the Feds Make a Goof? | taxgirl

Ask the taxgirl: Did the Feds Make a Goof? | taxgirl — Wed, 03 Mar 2010 12:41:29 +0000

[...] attempting to spin it. We’ve know about it since before the credit went into effect – I even blogged about it in March 2009 before the withholdings [...]

By: Fred

Fred — Sat, 27 Feb 2010 18:37:25 +0000

I filed 1040A and was surprised I got $400 extra back. I got the letter today saying that I was elible for this credit. I think the IRS and citizentaxfree.com did a poor job of getting this information out to us less clued in tax papers. It worked out in the end so I’m not going to compain too much

By: Lyn

Lyn — Thu, 25 Feb 2010 02:00:03 +0000

My brother files a 1040-EZ and he did not realize about the making work pay credit. He has already mailed it off. Can an amend to the form utilize the credit of $400.00 for single person? What form should he file?
Thank you,
Lyn

By: Mary Antoniette

Mary Antoniette — Wed, 24 Feb 2010 03:34:36 +0000

My Federal Withholdings have “increased” by $ 10. per month. I make
$ 33,000. per year and my husband makes about the same. I don’t understand why I am having this tax increase. My Payroll Administrator said it is because of the Making Work Pay Program. So then ” I ” am paying for this program to allow others to get tax credits? Is that correct?

By: Kelly

Kelly — Tue, 23 Feb 2010 23:07:56 +0000

Jack, Assuming you’re otherwise eligible, you are correct. You should receive the credit less the extra money from SS.

By: Jack P.

Jack P. — Tue, 23 Feb 2010 16:24:18 +0000

I have been told that since my wife and I each received the $250 (we are both on social security but still work) that the work to pay credit is wiped out . We no owe and additional $500 in taxes. Shouldn’t the $500 stimulus checks be offset against the $800 work to pay credit with $300 as additional income to be taxed?