Did you miss something on your 1040/1040a?

[exscentric]

Just a heads up. There is a deduction on IRS forms that is labeled rather cryptically and I totally missed it. My son uses software and it picked it up, but several where my wife works totally missed it.

On line 40 of 1040a read the instructions. Many Americans should get all or part of 800 dollars in refund due to the "Stimulus" or whatever they called it.

I don't know what line it is on the 1040 form.

It appears as "Making work pay and government retiree credits."

This is bordering on a political discussion but it was almost as if they were trying to hid it. To put it on a line about government retiree credits seems rather strange and who has heard of "making work pay"

Anyway if you missed it, do an amendment - oh the fun that was since we have state income tax that had to also be amended. :tonofbricks:

 

[ktn4eg]

Depending on your situation, you may also have to fill out Schedule M.

Check your tax form(s) instructions to see if you need to use Schedule M.

If you do, you would then have to enter the net result from Schedule M on line 63 of Form 1040 or line 40 of Form 1040A.

 

[Crabtownboy]

It all depends on other factors:

Line 40.

If line 39 is more than line 34, hooray, you're going to get money back from Uncle Sam. Subtract line 34 from line 39. This number represents the amount that you overpaid the government.

 

[SaggyWoman]

I love to do mine electronically and efile.....glad it caught it, though you should be aware if you got any because you are on social security/disabilibity, it will be cut back by the 250.