What form can an employee use to request advance earned income credit?

An employee can use Form W-5 to request an advance earned income credit (EIC). This form is specifically designed for individuals who qualify for the EIC and wish to receive part of that credit in their paychecks throughout the year rather than waiting to claim it at tax filing time. By submitting Form W-5 to their employer, the employee can adjust their withholdings to reflect the advance payments, thereby increasing their take-home pay.

This form helps to make the earned income credit more accessible, allowing eligible employees to benefit from the credit as they earn income rather than only at tax time. The timing of these payments can significantly aid low- to moderate-income families and individuals in managing their finances more effectively throughout the year.