The Making Work Pay amount is reduced for joint filers whose modified adjusted gross income, or MAGI, is between $150,000 and $190,000. Single taxpayers whose MAGI is more than $75,000, but less than $95,000, also won't get the full credit amount. If your adjusted income is greater than the maximum for your filing status, then you won't get any of the credit.

In addition, some workers aren't eligible for the credit. The Making Work Pay tax credit is not available to nonresident alien workers or to individuals who can be claimed as a dependent on someone else's tax return.

Schedule M will help taxpayers sort out those issues.

While extra tax paperwork is never fun, when it comes to the Making Work Pay tax credit, Schedule M could really pay off. The credit is refundable, meaning that taxpayers who qualify for it can get it even if they owe no tax.

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