Summary: 2010 Form W-5 Department of the Treasury
Internal Revenue Service
Purpose of Form
Use Form W-5 if you are eligible to get part of the earned income
credit (EIC) in advance with your pay and choose to do so. See Who
Is Eligible To Get Advance EIC Payments? below. The amount you
can get in advance generally depends on your wages. If you are
married, the amount of your advance EIC payments also depends
on whether your spouse has filed a Form W-5 with his or her
employer. However, your employer cannot give you more than
$1,830 throughout 2010 with your pay. You will get the rest of any
EIC you are entitled to when you file your 2010 tax return and claim
If you do not choose to get advance payments, you can still
claim the EIC on your 2010 tax return.
What Is the EIC?
The EIC is a credit for certain workers. It reduces the tax you owe.
It may give you a refund even if you do not owe any tax.
Who Is Eligible To Get Advance EIC