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Advance Earned Income Credit

   Also found in: Acronyms 0.01 sec.
Advance Earned Income Credit
Payment by an employer based on an employee's claim to entitlement to the earned income credit. Advance earned income credit payments are treated as additional taxes on the tax return.
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[23] An employer is permitted to stop advance earned income credit payments to employees whose earned income exceeds $10,000 for the calendar year.
Hiring household help is now less taxing by Dykxhoorn, Hans J.; Sinning, Kathleen E. / The National Public Accountant
The Service has also issued the 2001 percentage method and wage-bracket method tables for determining advance earned income credit (EIC) amounts.
Advantage Payroll Services Announces Top Ten Business Tax Tips for ... by Business Wire
 
 
 
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