| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Dec | Feb » | |||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | 31 |
- Ask Question or Comment (1)
- General (14)
- Income Tax (37)
- International Taxation (3)
- LLC's (17)
- Newsletter Topics (2)
- Payroll Tax (4)
- Retirement Accounts (4)
- Sub S Corporations (14)
- 5. March 2010: Reverse Mortgages - Taxable? Deductible?
- 3. March 2010: Work Clothes Deduction
- 12. February 2010: Scholarship Count Toward Support?
- 7. February 2010: Mileage Rates in 2009
- 5. February 2010: Do You Have to File?
- 5. February 2010: Cost Segregation = Tax Savings
- 4. February 2010: Breast Implants - Deductible Medical Expense?
- 26. January 2010: Work for Pay Credit - How much did you receive?
- 26. January 2010: Work for Pay Credit 2009 & 2010
- 26. January 2010: LLC to be taxed as a Corporation?
Blogroll
Work for Pay Credit 2009 & 2010
Depending on your AGI (Adjusted Gross Income - that is the bottom line of the first page of your personal Form 1040), you may be eligible for a $400 credit ($800 if married filing joint).
For 2009, if your filing status is Single, Head of Household or Married filing separate, the phase out of the credit begins at $75,000 and ends at $95,000. That means if you made less than $75k, you get the whole $400. If you made $95k, you get none.
If your filing status if Married Filing Joint, the phase out begins at $150k and ends at $190k.
We do not know at this time whether the AGI restrictions will be exactly the same for 2010.
You MAY have already received up to $250 of the credit if you are a recipient of Social Security, SSI, railroad retirement, Veteran’s disability compensation or pension benefits.