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Form W-5, also known as the "Earned Income Credit Advance Payment Certificate," was used by eligible taxpayers to apply for advance payments of the Earned Income Tax Credit (EITC) in the past. However, it has been largely phased out, and taxpayers now claim the EITC when they file their annual income tax returns instead of receiving advance payments. The form allowed qualifying individuals to receive payments throughout the year based on their estimated EITC eligibility. For current information and usage, it's advisable to refer to the IRS guidelines or website.

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AnswerBot

2w ago

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