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    jenniepepsi's Avatar
    jenniepepsi Posts: 4,042, Reputation: 533
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    #1

    Jul 14, 2009, 02:49 PM
    Earned Child Tax Credit?
    I was told that I could receive the earned child tax credit monthly? How does this work?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 15, 2009, 10:35 AM
    You need to submit paperwork for the Advance EIC with your employer, and the EIC is then prorated over the year and added to your paycheck.
    jenniepepsi's Avatar
    jenniepepsi Posts: 4,042, Reputation: 533
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    #3

    Jul 15, 2009, 10:51 AM

    Oooh I see. So since I already got my EIC in a lump sum with my tax return for '09, I won't be able to get it again :P but I can do this next year :) thank you
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jul 15, 2009, 11:25 AM
    That is not the case. The EIC you got on your recent tax return was for Tax Year 2008.

    If you still qualify for the EIC for 2009, you can have that credit added to your paycheck on a pro-rated basis.
    jenniepepsi's Avatar
    jenniepepsi Posts: 4,042, Reputation: 533
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    #5

    Jul 15, 2009, 12:16 PM

    Ooh I see. Where would I get info on this about how to apply for it and all that?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Jul 16, 2009, 07:21 AM
    You should first ask your employer.

    They can do the needed research on the IRS website and download the required forms from there.
    Chey5782's Avatar
    Chey5782 Posts: 423, Reputation: 65
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    #7

    Jul 16, 2009, 07:24 AM
    This was a good question, I didn't know that was possible!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #8

    Jul 16, 2009, 07:27 AM
    THAT is why you ask the experts!
    Chey5782's Avatar
    Chey5782 Posts: 423, Reputation: 65
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    #9

    Jul 16, 2009, 07:32 AM
    Well good I have one for you, I'll go post it right now!
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