Are you eligible for advance EITC payments?
I’ll qualify
I won’t
I won’t
I’ll qualify
I won’t
I’ll qualify
I’ll qualify
I won’t
I won’t
I’ll qualify
Don’t Guess
--KNOW
If you qualify for advance EITC payments, you
How do you get advance EITC payments?
take home more money every payday -- through-
If you determine that you are eligible to get advance EITC
out the year.
payments, fill in the 2004 Form W-5, detach it and give it
Are you eligible for advance EITC payments?
to your employer.
You must expect to be eligible to claim the
1.
See page 3 of the Form W-5 for requirements if your
EITC on your 2004 tax return. Complete the
situation changes after you submit the Form W-5 or after
questionnaire on page 2 of the Form W-5 to
you start receiving advance payments.
see if you may be able to claim the EITC in
How much are the advance EITC payments?
2004 or see Publication 596, Earned Income
•
The total advance payments are not more than $1,563.
Credit , for full details.
•
The actual amount depends on your total earnings,
Your expected income for 2004 must be less
2.
and other income.
than $30,338 ($31,338 if married filing jointly).
•
Any additional amounts can be claimed when you file
If married, you and your spouse must file a joint
your 2004 tax return.
tax return to claim the credit; and
For additional information
3.
You must expect to have at least one qualifying
•
Consult your employer or tax preparer or call
child. To be your qualifying child for the EITC, the
1-800-829-1040
child must meet the three conditions in the Form
•
See Publication 596, Earned Income Credit at
W-5 instructions under, “Who is a Qualifying Child?”
for more details on advance EITC.