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fizmath
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« on: February 09, 2010, 04:46:32 PM » |
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I almost missed this. It is on the 1040 and the 1040A. I figured this is one of the countless things I don't qualify for until a colleague alerted me to it. You have to fill out "schedule M" to calculate it. Pretty much you get $400 for a single person and $800 for a couple. Just about anyone who worked last year qualifies for it. http://www.irs.gov/newsroom/article/0,,id=204447,00.html |
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chemxtree
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« Reply #1 on: March 03, 2010, 01:41:11 PM » |
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Nice one fizmath!
If you use 2009 tax software (i used H&R Block) then I expect this should be flagged for everybody from the question style form fillers.
It was like magic money cuz it popped up as one of the last items on the 1040 questionaire and my return jumped $800 - W00t111
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prof_smartypants
Treasure-pilferin' and grog-swillin'
Distinguished Senior Member
Posts: 6,650
Kiss the baby!
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« Reply #2 on: March 03, 2010, 01:41:51 PM » |
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TurboTax caught it for me!
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Welcome to college, motherf*cker.
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fizmath
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« Reply #3 on: March 03, 2010, 01:53:19 PM » |
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TurboTax caught it for me!
Yeah, I figured the software would catch this but I still do mine by hand. This tax credit is connected with last year's stimulus effort and having our take home pay go up a bit. |
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cgfunmathguy
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« Reply #4 on: March 03, 2010, 02:54:18 PM » |
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I figured that it didn't apply to me, and I didn't fill out any paperwork on it. When I received my refund two weeks ago, it was included in my refund check.
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Alas, greatness and meaning are rarely coterminous with popular familiarity.
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chemxtree
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« Reply #5 on: March 17, 2010, 10:34:45 AM » |
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I figured that it didn't apply to me, and I didn't fill out any paperwork on it. When I received my refund two weeks ago, it was included in my refund check.
It's been while since I was on Forums but this struck me... I've been telling all my family and friends as they do their taxes to remember this one, even so far as to do a 1040 specifically to make sure they get the credit... @cgfun: are you saying you filed say a 1040EZ without anything extra and still got the refund tacked on? For example your refund as filed by you was $200... two weeks later your refund check as received was $1000??? |
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georgiaprof
Exhausted
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« Reply #6 on: March 17, 2010, 10:41:53 AM » |
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I also filed without this credit and the IRS gave me the additional refund. (yes - I told them I should get $$ and actually got $$ + 800.) Very cool.
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chemxtree
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« Reply #7 on: March 17, 2010, 11:31:49 AM » |
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I also filed without this credit and the IRS gave me the additional refund. (yes - I told them I should get $$ and actually got $$ + 800.) Very cool.
That is VERY COOL... guess i can't justify my tax return filing skills to friend & family anymore, the IRS is actually doing their job here :^) |
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gonehiking
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« Reply #8 on: March 18, 2010, 02:17:38 AM » |
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I'm embarrassed to admit it, but I did the same thing as others. I filled out the 1040EZ (on-line) and didn't take the $400 credit, even though there is a line for it. But, the IRS got it right and added the $400 to the refund and sent me a letter telling me what had happened. I'm single, no kids, have to piss much of my money away on rent, no major medical expenses, no otherwise special status, so I always figure that none of the tax kickbacks apply to me.
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failoutboy
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« Reply #9 on: March 18, 2010, 09:49:54 AM » |
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I've already filed my returns using TurboTax, and I don't remember if I claimed this or not. Hopefully, the IRS will just give it to me if I forgot.
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madhatter
We proudly present the fora's Least
Member-Moderator
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Just killing time
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« Reply #10 on: March 18, 2010, 10:50:14 AM » |
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TurboTax adds it automatically.
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"I may be an evil scientist, but it doesn't take a degree purchased from the Internet with your ex-wife's money to know how special and important you are to me." -- Dr. Doofenschmirtz
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failoutboy
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« Reply #11 on: March 18, 2010, 01:54:10 PM » |
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TurboTax adds it automatically.
Phew, thanks! |
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cgfunmathguy
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« Reply #12 on: March 22, 2010, 10:28:49 AM » |
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I figured that it didn't apply to me, and I didn't fill out any paperwork on it. When I received my refund two weeks ago, it was included in my refund check.
It's been while since I was on Forums but this struck me... I've been telling all my family and friends as they do their taxes to remember this one, even so far as to do a 1040 specifically to make sure they get the credit... @cgfun: are you saying you filed say a 1040EZ without anything extra and still got the refund tacked on? For example your refund as filed by you was $200... two weeks later your refund check as received was $1000??? Yes, except that I'm single. So, I got $600 (using your example). |
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Alas, greatness and meaning are rarely coterminous with popular familiarity.
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