The Economic Recovery Payment, ALABAMA'S #1 TAX SERVICE

Some working taxpayers who received the Economic Recovery Payment and are also eligible for the Making Work Pay tax credit are slowing down their tax refunds by not properly reporting the $250 payment on their tax returns.
Anyone who received the one-time Economic Recovery Payment must reduce the Making Work Pay credit they claim by the amount of the one-time payment. If you received a one-time payment, but do not report it on your return, it will slow your refund.
Most eligible taxpayers received this payment in 2009 and reported it on the 2009 return, usually filed in 2010. Some people didn’t receive their payment until 2010 and must show it on their 2010 return, usually filed in 2011.
The Making Work Pay tax credit is based on earned income and is claimed on your return using Schedule M, Making Work Pay Credit.
A one-time payment of $250 was made to:

• Retirees, disabled individuals and Supplemental Security Income (SSI) recipients receiving benefits from the Social Security Administration
• Disabled veterans receiving benefits from the U.S. Department of Veterans Affairs
• Railroad Retirement beneficiaries

These payments were made by the Social Security Administration, the Railroad Retirement Board and the Department of Veteran's Affairs, not the IRS. You can find information about the economic recovery payments on their web sites.

MOORE'S SERVICE, LLC

2160 Green Springs Hwy, S. Suite E. 

Brimingham, AL 35205

Phone: (205) 324-8753

Email: mooresservices1@gmail.com

Website: www.mooresservicesonline.com

Blog: www.mooresservices.blogspot.com

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