What is a W-5 Advanced Earned Income Tax Credit (EIC) Form and how do I fill it out?
The EITC is a special credit that reduces the amount of tax you owe (if any) and is intended to offset some of the increases in living expenses and social security taxes. For further information, refer to the Earned Income Tax Credit page at the IRS website. W-5 Form is available at University Payroll Services, or the IRS web site. Submit the complete and signed W-5 Form to Payroll Services.
