[tabi] Re: those receiving SSI or SSDI aren't eligible for the "schedule M" making work pay credit
- From: "Betsy" <betsaw@xxxxxxxxxxxxx>
- To: <tabi@xxxxxxxxxxxxx>
- Date: Tue, 23 Mar 2010 05:59:03 -0400
I discovered that one when I filed in February. Sorry for not posting that.
----- Original Message -----
From: Chip Orange
To: tabi@xxxxxxxxxxxxx
Sent: Monday, March 22, 2010 3:15 PM
Subject: [tabi] those receiving SSI or SSDI aren't eligible for the "schedule
M" making work pay credit
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-making-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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