Tax tip: Making Work Pay Credit

A tax credit offers millions of taxpayers the opportunity to lower their tax bills or increase their 2010 federal tax refund.

Category:

Entertainment

Tags:

• Ohio State Bar Association
• OSBA
• Ohio
• tax
• refund
• bill
• IRS
• Internal Revenue Service
• taxes
• credit
• taxpayers

[ohiobar]

The folks at the IRS would be the best to answer your questions about the tax credit. The toll free number is 1-800-829-1040.

[TheRealRedFlashlight]

Ok but how do we know whether we got the "$250 Economic Recovery Payment" last year, which according to the instructions would reduce the amount of our Schedule M credits for 2011? Was it part of the Schedule M deduction last year? Or was it some other, non-schedule-M-related "economic recovery" program? I honestly don't remember getting a separate $250 payment but that doesn't mean I didn't, and I don't want to claim the full amount on Schedule M if I shouldn't. The instructions are unclear.