Earned Income Credit

Earned Income Credit (EIC)
An employee may be eligible to receive advance EIC payments if all four of the following conditions are met.

1. You (and your spouse, if filing a joint return) have a valid social security number issued by the Social Security Administration.
2. You expect to have at least one qualifying child and to be able to claim the credit using that child. If you do not expect to have a qualifying child, you may still be eligible for the EIC, but you cannot receive advance EIC payments.
3. You expect your 2009 earned income and adjusted gross income will be less than $35,463 ($38,583 if you expect to file a joint return for 2009).
4. You expect to be able to claim the EIC for 2009.

If you think you may be eligible for advance EIC payments, you may contact the Payroll Office for a W-5. The W-5 will provide more guidelines and the criteria that must be met before filling out the W-5. You may also click on the link to access the IRS website for the form:
http://www.irs.gov/pub/irs-pdf/fw5.pdf

An adjustment will not be made to taxes already withheld prior to the completion of the W-5.

If your status changes during the year and you are no longer eligible for the advance EIC, you will need to complete a new W-5, putting "no" on the line that no longer applies to your status.

The W-5 is good for only one year and expires December 31 of each year. A new form must be completed each year verifying you meet the qualifications to receive the advance EIC payments.

Employees may contact the Payroll Office at 710-2217 or the Internal Revenue Service at 1-800-424-1040.