[tabi] those receiving SSI or SSDI aren't eligible for the "schedule M" making work pay credit
- From: "Chip Orange" <Corange@xxxxxxxxxxxxxxx>
- To: <tabi@xxxxxxxxxxxxx>
- Date: Mon, 22 Mar 2010 15:15:39 -0400
hi all,
Earlier I mentioned the "making work pay" stimulus payment, available
via your income filing form this year.
here's a short explanation as to why those receiving certain
governmental benefits are not eligible:
"So, in its infinite wisdom, Congress came up with another Rube Goldberg
machine,
which resulted in the IRS having to create Schedule M.
If you are working AND receiving Social Security, Supplemental Security,
Veterans'
benefits, or RailRoad Retirement benefits, the amount of your maximum
Making Work
Pay $400 credit is reduced by the $250 Economic Recovery Payment you got
(last year)."
here's the entire web site explaining it:
http://bedbuffalos.blogspot.com/2010/02/schedule-m-doesnt-stand-for-maki
ng-work.html
sorry for getting anyone's hopes up too much.
Chip
------------------------------
Chip Orange
Database Administrator
Florida Public Service Commission
Chip.Orange@xxxxxxxxxxxxxxx
(850) 413-6314
(Any opinions expressed are solely those of the author and do not
necessarily reflect those of the Florida Public Service Commission.)
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