What does the 2020 Louisiana Earned Income Credit (EIC) posting cover?
The 2020 Louisiana Earned Income Credit (EIC) workplace posting reflects the maximum earned income and adjusted gross income (AGI) amounts that a taxpayer may earn in 2020 to be eligible for the Federal Earned Income Tax Credit (EITC).
To qualify for the EITC based on income earned in 2020, the employee’s earned income and AGI must each be less than:
||No Children||1 Qualifying Child||2 Qualifying Children||3 or More Qualifying Children|
The posting also provides information about the discontinued Advanced Earned Income Tax Credit (AEITC) for prior tax filers.
The posting also reminds employers that they are required to inform employees of the potential availability of the EITC at the time of hiring if the employee makes $50,000 or less annually. This requirement applies to employers with 20 or more employees. Any notice provided by the Internal Revenue Service (current IRS Notice 797) or by the Louisiana Workforce Commission for this purpose must be provided to the appropriate new employee.
The Executive Director of the Louisiana Workforce Commission requires employers to post the 2020 Louisiana Earned Income Tax Credit posting in the same location where other employee notices required by state and federal law are posted. (Louisiana Revised Statutes § 23:1018.2)