The "Advanced" payment of Earned Income Credit will no longer be available via the payroll process starting January 1, 2011. A provision in the 2010 Education, Jobs and Medicaid Assistance Act repealed the advance earned income credit effective for tax years beginning after December 31, 2010. Employees who currently claim advance payment of Earned Income Credit (EIC) as well as employees who desire to claim it in the future may do so only by claiming the earned income credit on their personal income tax returns.
For details on eligibility and claiming Earned Income Credit on personal income tax returns go the IRS web site. |