Comments on: What is the Making Work Pay Credit?

By: TurboTaxLisa

TurboTaxLisa — Mon, 27 Feb 2012 22:10:48 +0000

Hi Dmitry,
Making Work Pay expired in 2010. There is no Making Work Pay for 2011. You received a higher pay check beginning 2011 as a part of the Payroll Tax Holiday in place of Making Work Pay. There is nothing to file.
Thank you,
Lisa Greene-Lewis

By: Dmitry

Dmitry — Sun, 26 Feb 2012 18:55:02 +0000

The quiestion is very simple.
Can I claim ‘‘making work pay credit” for 2011 (just for 2011) as I’m filing my return in the begining of 2012?

By: TurboTaxLisa

TurboTaxLisa — Fri, 10 Feb 2012 17:55:31 +0000

Hi Dara,
Making Work Pay expired December 31,2010, which is why TurboTax or any program will not handle it. It was replaced by the payroll tax holiday, which does not impact your tax return. You received more money on your paycheck as a result of the payroll tax holiday since social security taxes taken out of your paycheck was reduced to 4.2%.
There is no need to worry about this form.
Thank you,
Lisa Greene-Lewis

By: Dara Meksavan

Dara Meksavan — Fri, 10 Feb 2012 17:11:45 +0000

I am using Turbo tax filing to file my income tax this year can you please advise how can I link the Schedule M form into to my Turbo filing…for “Make work pay tax” .

By: DERP DERP

DERP DERP — Sat, 16 Apr 2011 22:46:52 +0000

It’s a credit folks, not a return. You already saw the benefit of this, but $400 over 12 months is nothing you would have noticed unless you’re dirt poor. The explanation is fine. I’m in IT and know squat about tax code but this is not hard to decipher.

By: Rachel

Rachel — Sat, 09 Apr 2011 03:17:58 +0000

Ditto!! This is too confusing! I am hesitating submitting the return until I talk to a tax accountant. This is the first time I am not able to rely on Turbo Tax.

By: LINDA

LINDA — Sat, 02 Apr 2011 13:43:04 +0000

I AGREE!!! TOTALLY CONFUSING-GLAD I AM NOT ALONE IN THE CONFUSION!

By: Ed

Ed — Thu, 31 Mar 2011 18:21:03 +0000

I agree with William Watson. Since Turbo Tax is an excellent tax software, one would think the explanation provided for this topic would be easier to understand. Thus far, I’ve spent 3 hours trying to determine if my Turbo Tax e-filed Fed return is correct because of confusion on this topic.

By: William Watson

William Watson — Sat, 26 Mar 2011 15:53:15 +0000

This is the most confusing article I have ever read about this suibject. I assume it is that way because of the way the law is written.