United States Congress repeals the Advanced Earned Income Tax Credit (AEIC) 8. April 2016 Jon-Hoffman WV Personal Options Medicaid Aged & Disabled Waiver (0) United States Congress repeals the Advanced Earned Income Tax Credit (AEIC). Please note that the Earned Income Credit still exists. The tax credit may be claimed on IRS Form 1040 at the end of the year when you file your annual tax return. For more information please read the statement in the "Optional" section on this page.