tag:blogger.com,1999:blog-14245531.post4967253594242706504..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: The "Making Work Pay" Tax CreditMadame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-14245531.post-69354440139683220642009-04-28T09:02:00.000-04:002009-04-28T09:02:00.000-04:00Like Mike, I also beleived I was reading another b...Like Mike, I also beleived I was reading another blog and responded thinking Johnathan.<br /><br />BTW - Love Carmines.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-43993930790088098852009-04-28T09:00:00.000-04:002009-04-28T09:00:00.000-04:00Shocked to know you qualify for the makign work pa...Shocked to know you qualify for the makign work pay credit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-2445460281928283092009-04-25T22:45:00.000-04:002009-04-25T22:45:00.000-04:00Thanks for the articles. I've seen no change in my...Thanks for the articles. I've seen no change in my paycheck :(Needs Helphttps://www.blogger.com/profile/05599440090724799011noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-90773432444763512902009-04-23T21:50:00.000-04:002009-04-23T21:50:00.000-04:00Wow, I'm totally sorry.. I forgot which blog I was...Wow, I'm totally sorry.. I forgot which blog I was reading, LOL. Umm, I am pretty sure your AGI's over $75k (you make a little more than Bostongal right?)Mikehttps://www.blogger.com/profile/00140468490842335739noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-70621783037182331572009-04-23T21:49:00.000-04:002009-04-23T21:49:00.000-04:00Yup - It appears you are right on the fringe, depe...Yup - It appears you are right on the fringe, depending on how many deductions you have Bostongal. If you don't qualify for the credit, there will be a calculation on your 2009 tax return to essentially pay back the few hundred bucks (by either decreasing your refund or increasing your taxes owed). This is what is also happening to people who work 2 jobs -- since they can only claim this "credit" once, they will have to repay next tax season.Mikehttps://www.blogger.com/profile/00140468490842335739noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-3950003296769824722009-04-23T20:12:00.000-04:002009-04-23T20:12:00.000-04:00The first stimulus check was based on your 2007 ta...The first stimulus check was based on your 2007 tax return - which included all your income. This stimulus is based on your paycheck income (e.g., not counting bonuses, etc.). Therefore you may be getting more money than you would have expected.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-61539661177566376922009-04-23T18:57:00.000-04:002009-04-23T18:57:00.000-04:00A few extra dollars, unless you are VERY calculati...A few extra dollars, unless you are VERY calculating, tends to get swallowed up in the big picture. I would much rather get one lump sum which allows me to make a decent size purchase.... or make a significant dent in a debt.Bob's Occasional Musingshttps://www.blogger.com/profile/09807834085003293410noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-52124606132762116082009-04-23T13:25:00.000-04:002009-04-23T13:25:00.000-04:00Your right, even in suburban/country Ohio there wa...Your right, even in suburban/country Ohio there was little excitement. <br />I was glad though! Every $ counts esp when it helps pay off the mortgage that bit earlier.Isaac'swifehttps://www.blogger.com/profile/15105546843027270311noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-73192057349688187752009-04-23T13:15:00.000-04:002009-04-23T13:15:00.000-04:00You will see a change in your pay regardless of wh...You will see a change in your pay regardless of whether or not you actually qualify for the credit. IIRC, the credit begins to phase out at $75K AGI for single people. If you check IRS Pub 919, there's a worksheet that will calculate if you're eligible for the credit.savvyhttp://www.msmoneysavvy.comnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-32501027609579728932009-04-23T11:42:00.000-04:002009-04-23T11:42:00.000-04:00The tax credit is a joke. Give me back my lump su...The tax credit is a joke. Give me back my lump sum!Adriennenoreply@blogger.com