A provision that allowed employees to receive their earned income credit as an advance in their paycheck throughout the year. The earned income credit is a refundable tax credit intended for low-income workers. The advance option was discontinued at the end of 2010. Now individuals must claim the credit on their income tax returns.
Related information about advance earned income credit:
- You May Be Eligible for the Advance Earned Income Tax Credit
Aug 3, 2012 ... This benefit is called the Advance Earned Income Credit or Advance EIC. If you expect to qualify for the credit in 2008, you may be able to start ...
- Earned Income Credit: What is the Earned Income Tax Credit?
Advance Earned Income Credit. 2010 was the last year for the taxpayers to receive an advance of their expected earned income credit as part of their regular ...
- AEIC Definition - Advance Earned Income Credit Definition
While the Earned Income Tax Credit for low-income individuals continues into 2011, the Advance Earned Income Credit has been discontinued beginning ...
- Saying Farewell to the Advance Earned Income Credit
Aug 16, 2010 ... 2010 will be the last year for the advance earned income credit. This program, first enacted in 1978, enables lower-income taxpayers to receive ...
- Earned Income Tax Credit: Advance EIC
The Advance Earned Income Credit was repealed as part of the Education Jobs and Medicaid Assistance Act of 2010 that President Obama signed into law on ...
- No More Advance Earned Income Credit in 2011
Sep 20, 2010 ... As part of budget cuts, qualified employees can no longer receive the Earned Income Tax Credit as an advance in their payroll check.
- Advance Earned Income Credit is Repealed! - American Payroll ...
Aug 10, 2010 ... Welcome to PAYTECHonline for August 2010. TOP STORY. Advance Earned Income. Credit is Repealed! For tax year 2011 and beyond, there ...
- Earned Income Credit – Federal Tax Guide • 1040.com – File Your ...
Beginning with the 2011 tax year, advance earned income credit payments are no longer available. If you received advance payments for 2010, they will be ...