Friday, 18 Sep 2009
photo credit: kstephen1752
Most of you probably remember the new tax credit that went into effect earlier this year. The Making Work Pay credit automatically decreased your withholding and put a few more bucks in each paycheck. Easy, right? Well not as easy as you probably thought.
In order to claim this tax credit (assuming you’re eligible), you will need to complete the new Schedule M next year. Schedule M is required whether you itemize or not. For more information, go to the IRS website.