10/6/2010
In compliance with HR 1586, passed August 1, Advance Earned Income Credit will no longer be offered to employees in 2011 and beyond. Although the credit can no longer be paid in advance on paychecks, employees will still be able to claim Earned Income Credit on their personal annual tax returns.
Earned Income Tax Credit (EITC) is a tax rebate offered by the IRS to employees within certain income limits. To learn more, including specific qualifications, visit the IRS EITC site or refer your employees to their tax advisors.
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