More of this Feature • Tax Guide Menu • Military State Taxes

Join the Discussion Post in Our Message Forum

Related Resources • Military Pay Charts • 2003 Pay Changes • Military Money Matters • Military Pay Regulations

From Other Guides • U.S. Goverment Information • Investing for Beginners • Tax Planning

Elsewhere on the Web • IRS Web Site • DFAS Web Site

You must meet all the following rules to qualify for the advance earned income credit in 2003. You must:

• Work and expect that your earned income and AGI will each be less than a certain amount. The amount in 2002 was $29,201 ($30,201 for married filing jointly). The amount for 2003 will be higher. See Form W–5, Earned Income Credit Advance Payment Certificate, for the 2003 amount.

• Have a qualifying child.

• Meet all the rules explained in the instructions for Form W–5.

If you expect to qualify for the earned income credit for 2003, you can choose to get part of the credit in advance by giving a completed 2003 Form W–5 to your appropriate finance office. The credit will be included regularly in your pay.

If you received advance earned income credit payments in 2002, you must file either Form 1040 or Form 1040A for 2002 to report the payments.

Above Information Extracted from IRS Publication #3, Armed Forces Tax Guide