<p>I just did a trial run through my taxes and I received the Making Work Pay Credit in the amount of $800 (married).</p>
<p>My husband and I both had our withholdings changed by our employers during the year so I did not think we would be eligible for this credit.</p>
<p>However when I read the wording on the irs website, it seems like we do. </p>
<p>From IRS Site:</p>
<p>Even if your federal income tax withholding was reduced during 2009 because of the credit, you must complete Schedule M and claim the credit on your return to benefit from it.</p>
<p>I haven’t done my taxes yet, so I went to look this up. As long as your AGI is less than $150,000 (if filing jointly) you seem to qualify for the full $800. The credit phases out for AGI up to 190,000. There are a few fine print items on schedule M, but it looks like most people in the income range should qualify. The reduced withholding was just to give you more take home pay to spend, in anticipation that you would get to take the credit when you do your taxes. It was not like the check that was mailed out to everyone last time, you have to fill out schedule M and claim the credit.</p>
<p>Remember, your withholding may have been reduced in anticipation of your qualifying for the credit. If you don’t qualify for and claim the credit, you could owe $800 more in taxes (or get $800 less in refund, etc.). Getting the credit and having reduced withholding are not mutually exclusive at all.</p>