Manage Advance Earned Income Credit Tables

This table is used in the calculation of the Advance Earned Income Credit (EIC) to which a given employee is entitled.

The Filing Status field in the AEIC group box on the Manage Employee Taxes screen indicates whether the employee has claimed the credit by filing a W-5 form.

Load the existing tables when Costpoint is initialized, and modify the tables whenever they become outdated per Federal publications. The current tax tables are loaded in Costpoint; you receive a printed copy of a new Tax Tables when new tables are created. These tables must be current before your first payroll of the new calendar (payroll) year is processed. To modify information for an Effective Date that already exists, click to retrieve the record, and then change the applicable line information. To add information for an Effective Date that does not exist, click and enter the new record.