IM-12 1/23/01 EARNED INCOME CREDIT (EIC)
|EARNED INCOME CREDIT (EIC)|
|The purpose of this memorandum is to advise
you of the criteria necessary for individuals who had earnings in 2000
to qualify for the Earned Income Credit (EIC). It is important to
share the EIC information with all program participants. The exclusion
policy that applies to EIC is also included in the following information.
The income limits for tax year 2000 are:
Any EIC payment received by food stamp households is excluded from income, whether received as a lump sum or as advance payments. The EIC payment is also excluded from resources if:
EIC payments are excluded as income for any program based on OAA, PTD, AB, or GR requirements. For these programs, an EIC payment is considered a resource in the month received.
The Department of Social Services has partnered with the nineteen (19) Community Action Agencies around the state to assist low income workers with applying for the federal Earned Income Tax Credit. The Community Action Agencies will offer money management classes, help people establish a bank account, and work with employers who want to offer advance earned income tax credit to their employees. The Community Action Agencies and contact information is attached.
Refer any individual who is currently working to the nearest Community Action Agency to see if they qualify for this tax credit and other assistance. Use Earned Income Tax Credit Referral (IM-101E) revised February 2000, when referring to the Community Action Agencies. A copy of IM-101E is attached.
Also attached is printed information on EIC in both Spanish and English. Please copy and post both versions of this brochure in public areas of your office.
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