One-Stop Resource for EITC Help
The IRS recently updated its Earned Income Tax Credit (EITC) employer Web site, creating a one-stop online resource for EITC. With the tools and information on this site, you can help your employees determine whether they qualify for EITC and can increase their take-home pay.
Highlights at the site include:
- The EITC Assistant, an interactive application that can help your employees determine whether they qualify for EITC
- EITC thresholds and tax law updates
- Downloadable publications, forms, brochures, and communication tools related to EITC
- Information about the Advance Earned Income Tax Credit (AEITC), a refundable credit for certain qualified workers
- EITC and AEITC marketing and communication tools, including payroll stuffers
- FAQs about EITC and AEITC
- Payroll resources, such as tables and information about making AEITC payments to employees
- Partner information to help your business network with other employers, government agencies, and social services in your community
Visit it now at: http://www.irs.gov/individuals/article/0,,id=129062,00.html.
QuickBooks Payroll Bulletin
Editor: Lise Quintana
Publisher: Intuit
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E-mail us at payroll_editor@intuit.com