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- 6. July 2010: HIRE ACT
- 24. June 2010: State of Florida Annual Filing Fee
- 23. June 2010: Spouse & Homebuyer Credit
- 21. June 2010: Homeless Person - I gave money - can I deduct it?
- 21. June 2010: Proof in an Audit
- 1. June 2010: Recourse vs. Nonrecourse Debt
- 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
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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.