Schedule M (Form 1040) Making Work Pay and Government Retiree
Credits 2009
Summary: This is an example of Schedule M (Form 1040) for 2009
as pertains to the text. The line items completed are as follows:
-
Name(s) shown on return
field contains John R. (Deceased) & Mary L. Smith -
Your social security number
field contains 234-00-7890 -
1a. Important: See the instructions if you can be claimed as
someone else's dependent or are filing Form 1040NR. Check the No box below and
see the instructions if (a) you have a net loss from a business, (b) you
received a taxable scholarship or fellowship grant not reported on a Form W-2,
(c) your wages include pay for work performed while an inmate in a penal
situation, (d) you received a pension or annuity from a nonqualified deferred
compensation plan or a nongovernmental section 457 plan, or (e) you are filing
Form 2555 or 2555-EZ. Do you (and your spouse if filing jointly) have 2009 wages
of more than $6,451 ($12,903 if married filing jointly)? Checkbox No. Enter your
earned income (see instructions)
No checkbox checked and field contains 11,000 -
2. Multiply line 1a by 6.2% (0.62)
field contains 682 -
3. Enter $400 ($800 if married filing jointly)
field contains 800 -
4. Enter the smaller of line 2 or line 3 (unless you checked
Yes on line 1a)
field contains 682 -
5. Enter the amount from Form 1040, line 38*, or Form 1040A,
line 22
field contains 22, 323 -
6. Enter $75,000 ($150,000 if married filing jointly)
field contains 150,000 -
7. Is the amount on line 5 more than the amount on line 6? Checkbox
No. Skip line 8. Enter the amount from line 4 on line 9 below.
Checkbox No is checked -
9. Subtract line 8 from line 4. If zero or less, enter -0-
field contains 682 -
10. Did you (or your spouse, if filing jointly) receive an economic
recovery payment in 2009? You may have received this payment if you received
social security benefits, supplemental security income, railroad retirement
benefits, or veterans disability compensation or pension benefits (see
instructions). Checkbox No. Enter -0- on line 10 and go to line 11.
Checkbox No is checked and field contains 0 -
11. Did you (or your spouse, if filing jointly) receive a pension
or annuity in 2009 for services performed as an employee of the U.S. Government
or any U.S. state or local government from work not covered by social security?
Do not include any pension or annuity performed on Form W-2. Checkbox No. Enter
-0- on line 11 and go to line 12.
Checkbox No is checked and field contains 0 -
12. Add lines 10 and 11
field contains 0 -
13. Subtract line 12 from line 9. If zero or less, enter -0-
field contains 682 -
14. Making work pay and government retiree credits. Add lines
11 and 13. Enter the result here and on Form 1040, line 63; Form 1040A, line 40;
or Form 1040NR, line 60
field contains 682
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