Making Work Pay Tax Credit - $400 (Single)/$800 (Married Filing Jointly)
If you as single earned less than $95,000 in 2009,
You appear to be one of the over 110 million working Americans who qualify for the Recovery Act’s Making Work Pay Tax Credit, saving individuals up to $400 per year, and saving married couples up to $800 per year. You should have received the credit incrementally in your paychecks in 2009 and should continue to collect it throughout 2010. Even though you probably received the benefit of this credit in your paychecks from adjusted tax withholding by your employer, you must still claim the credit on your tax return.Learn more about the Making Work Pay credit.
The Recovery Act also provided $250 Economic Recovery Payments for many retirees, veterans, and disabled individuals. To find out if you received an Economic Recovery Payment, call 1-866-234-2942 and select Option 1 or visit irs.gov starting March 23rd.
If you as a single earned more than $95,000 in 2009
It looks like your income may be too high to qualify for the Making Work Pay Tax Credit, which is available to single individuals who made less than $95,000 and married couples who made less than $190,000 last year. Over 110 million working Americans qualify for the Recovery Act’s Making Work Pay Tax credit, saving individuals up to $400 per year, and saving married couples up to $800 per year.Learn more.
From White House
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