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The Watercooler
Taxes this year...the changes
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<blockquote data-quote="busywend" data-source="post: 331390" data-attributes="member: 391"><p>The addition of Schedule M for the Making Work Pay Credit will be the most confusing. If you recall we all get an extra few $s in the paycheck starting in April - that would have reduced most people's returns by the same amount. They created a credit to help offset that of $400. But, if you are retired and get the stimulus payment of $250 - that offsets the $400 so you would only get $150 credit.</p><p> </p><p>I now am working for H&R Block - so if you have questions just let me know.</p></blockquote><p></p>
[QUOTE="busywend, post: 331390, member: 391"] The addition of Schedule M for the Making Work Pay Credit will be the most confusing. If you recall we all get an extra few $s in the paycheck starting in April - that would have reduced most people's returns by the same amount. They created a credit to help offset that of $400. But, if you are retired and get the stimulus payment of $250 - that offsets the $400 so you would only get $150 credit. I now am working for H&R Block - so if you have questions just let me know. [/QUOTE]
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Taxes this year...the changes
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