Code Section 3507
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 32(g), 3507, and 6051(a) | 12/31/2010 | The Air Traffic Control Act | Elimination of Advance Refundability of Earned Income Tax Credit | 1,131 |
Elimination of Advance Refundability of Earned Income Tax Credit
Explanation of Provision
The provision repeals the advance payment option for the EITC. The taxpayer may still receive the nonrefundable portion of the EITC through the taxpayer’s paycheck, by adjusting withholding, to the extent the taxpayer otherwise has positive tax liability.
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