Posted on December 1, 2010

AEITC Repealed

Legislation signed by President Obama August 10, 2010 repeals the Advanced Earned Income Tax Credit. Recipients will not be able to claim AEITC after December 31, 2010; however, qualified recipients will still be able to claim the Earned Income Tax Credit when filing their personal federal income tax return.

Paycor will no longer calculate this credit for paydates after December 31, 2010.