Employee Notification Requirements for the Earned Income Tax CreditApril 16, 2015
In 2011, the federal government stopped the Advance Earned Income Tax Credits program. Today, Earned Income Tax Credits still exist, but on a 1040 personal tax return level only.
Some states have state EITC, and seven states and one city have Earned Income Tax Credits that have employee notification requirements. These states require employers to provide a separate EITC state notice, as well as the federal notice requirement.
Get the state-by-state breakdown in the Accounting Today.
Thomson Reuters, Tax & Accounting