All employers must give written notice to employees who may be eligible for the federal and/or New Jersey Earned Income Tax Credits (EITC).
Between January 1 and February 15, you are required to give those employees the document listed in the following link. Provide the document with the Form W-2, Wage and Tax Statement that you issue your employees: nj.gov/treasury/taxation/pdf/eitcstatement.pdf
You must notify employees, ages 18 and over, whom you know or reasonably believe based on each employee’s prior year wages, may be eligible for the federal credit and/or NJEITC.
For 2022, an employee must have earned income (wages, self-employment income), and their adjusted gross income must be less than:
- $53,057 (or $59,187 if married filing jointly) with three or more qualifying dependent children;
- $49,399 (or $55,529 if married filing jointly) with two qualifying children;
- $43,492 (or $49,622 if married filing jointly) with one qualifying child; and
- $16,480 (or $22,610 if married filing jointly) with no qualifying children.
Based on the income limits above, it is reasonable to assume that any employee whose 2022 wages were $59,187 or less is eligible for the 2022 Earned Income Tax Credits.