| PublicationDate: 9/1/99 Summary: Change to CPS Processing of Earned Income Credit (EIC) Values Author: PSS - Program Systems Service Posted on September 1, 1999 TO: All Destination Points FROM: CPS Customer Service RE: Change to CPS Processing of Earned Income Credit (EIC)Values DATE: September 1, 1999 The Department of Education issued a change to the Central Processing System (CPS) relating to the handling of 1999-2000 Student's (and Spouse's) Earned Income Credit (EIC), which is SAR/ISIR field #44, and the Parents' Earned Income Credit (EIC), which is SAR/ISIR field #67. This change was implemented on August 24, 1999. The CPS assumes values for the EIC based on the reported EIC, the number of family members, and marital status. Prior to August 24, these assumptions could not be removed by either an override or verifying the data was correct. The change now allows the assumption to be suppressed when a correction is made to verify or re-key the original reported EIC amounts. Please contact CPS Customer Service at 800-330-5947, option 2, or via email at CPS@NCS.COM if you have any questions. |