[Summit] 2010 tax tip to friends- Uncle Sam gives $$ again- but you must do form to get it....
Breslers
breslerfamily at gmail.com
Tue Dec 28 04:00:27 UTC 2010
You (or your tax preparer) HAVE to fill out the schedule M, this year as
well as last year to benefit. Don't loose the up to $400 or $800 !!
www.irs.gov/app/picklist/list/formsInstructions.html?indexOfFirstRow=25&sortColumn=sortOrder&value=1040&criteria=formNumber&resultsPerPage=25&isDescending=false
Just found out this personally helpful GOOD tax news -that the "stimulous
grant" applies this year-2010 also. So if you do your own taxes- make SURE
you do a "form 1040 (Schedule M)" & that you (or your preparer) did it for
last year. Up to $400 individual/$800 per couple.Doubt it's good for
the national
debt- but WE sure can use the help!!And it does not matter if you already
got the tax break in your take home pay... If you do not do what schedule M
says (this year or last) you will actually return to Uncle Sam any
"stimulous tax break $$" your employer may have given you during the year.
For real. I have met many people who do not realize this. Check it out. It
is also called the "Making Work Pay Credit".
Mrs B
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