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Date: May 2, 2002 |
Bulletin No. 319 |
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Date: May 2, 2002 |
Bulletin No. 319 |
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| Subject | Change in the Federal Tax Data 2 Panel for Earned Income Tax Credit for 2002 |
| Purpose | To explain the added selection on the Federal Tax Data 2 panel for the new Earned Income Tax Credit filing status of "Married Without Spouse Filing Certificate". |
| Affected Employees | All employees eligible for the Earned Income Credit. |
| Effective Date | Administration checks dated 5/22/02, Institution checks dated 5/15/02. |
| Advance Payment of Earned Income Credit | In 2002, employees whose earned income is less than $30,201 for the new filing status, may be eligible for the advance payment of the Earned Income Credit (EIC), with a maximum credit of $1,503. The new 2002 tables for calculating the credits are in Circular E, Employer's Tax Guide. Contact the IRS at the toll-free number 1-800-829-3676 or visit their website at www.irs.ustreas.gov to view this publication. |
| OSC Automatic Processing | All employees will have a new radio button added to the Federal Tax Data 2 panel of "Married Without Spouse Filing". |
| Questions | Questions regarding this bulletin may be directed to the Payroll Deductions mailbox. |
