Schedule M

Apr 14, 2010 5 Replies

Did we get $250 / $500 checks last year and I just forgot about it? Or perhaps a direct deposit? Or was there just a cumulative (small) reduction in payroll taxes? I honestly don't know if I'm supposed to check the little boxes on Schedule M or not.



Going to review my bank statements now to see if there was an extra direct deposit, since that's now I got my refund back last year.



Thanks, Bob


Probably a direct deposit in May. You'll also likely get one next month.

Beats me. Use this link to find out:

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Note that if you have wage or self-employment income for 2009 you must complete Schedule M to avoid overpaying your taxes.

Phil Marti VITA/TCE Volunteer

My crystal ball isn't working that well. Anyting new on this?

The $250 ERP was issued by the VA, RRB & SSA to eligible individuals in April/May of 2009. This was a one-time (let me repeat... one time only) payment. The Making Work Pay Credit for eligible employees and the self-employed exists for 2009 and 2010.

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Thanks, that's exactly what I needed. (no, I didn't receive a payment)

Bob

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