However, many workers don't have to wait until next year to get it. Fewer than 1 percent of workers eligible for the credit are getting the advance payments. Recent studies show that many employees are unaware of how to get this extra money in their paychecks whole others fear their employers' reactions if they ask for the credit to be added to their paychecks. A number of employers, however, view the advance payment as a means to increase their employees' take-home pay almost immediately without increasing their payroll burden.
Major efforts are underway to educate the taxpayers and eliminate their fears.
The White House, Treasury and Internal Revenue Service are encouraging public interest and advocacy groups, business associations, CEOs and federal agencies to promote the credit and put the advance ETIC in the pockets of the American people now. To help notify taxpayers about the advance payment option, IRS will begin sending notices to all taxpayers who receive the credit on their 1993 tax return. The first set of notices will be mailed to approximately 10 million taxpayers beginning on April 22. The second mailout of advance ETIC notices will begin July 1 and go to over 3.5 million taxpayers. In September, over 700,000 taxpayers will receive notices in the final mailout.