8.3 Earned Income Tax Credit: Other EITC Issues
What are advance earned income credit payments?
If you expect to qualify for the earned income credit in 2004, you may
be able to start getting part of the credit with your pay in 2004, instead
of waiting until you file your 2004 tax return in 2005. This is called the
advance earned income credit or AEIC.
To get part of the credit with your pay, you must expect to have at least
one qualifying child, and expect to meet certain other conditions. You cannot
get the AEIC if you do not expect to have a qualifying child, even if you
will be eligible to claim the earned income credit on your 2003 return. To
see if you qualify, refer to Form W-5 (PDF), Earned
Income Credit Advance Payment Certificate, or Publication 596, Earned
Income Credit. Additional information on the advance earned income credit
is also available in Tax Topic 754.
References:
Tax Topics & FAQs | 2003 Tax Year Archives | Tax Help Archives | Home
