Who can get the advance payment of the earned income credit?
To get part of the earned income credit paid to you throughout the year in your paycheck, you must meet all the following rules. • You must expect that your earned income and modified AGI will each be less than a certain amount. The amount in 2001 was $28,281. The amount for 2002 will be higher. (See the 2002 Form W-5 for the 2002 amount.) • You must have a qualifying child. • You must expect to meet all the rules in Parts A, B, and D of this chapter or in the instructions for Form W-5. Persons who are not entitled to receive advance payments. Under certain circumstances, even if you meet these rules, you may not be entitled to get EIC. If your wages are not subject to federal income tax, social security tax, or Medicare tax withholding, you cannot get the advance payment of the earned income credit. If you are a farm worker and are paid on a daily basis, your employer is not required to pay you the advance amount of the credit.
