What is W-5 Form?
W-5 Form is a tax form used by certain low-income workers in the United States to request additional tax credits, specifically the Earned Income Tax Credit (EITC). The form allows eligible employees to receive advance payments of the EITC throughout the year, reducing their federal tax liability. The W-5 Form was primarily used before 2011, but has since been replaced by the updated IRS process for claiming EITC benefits directly through tax returns.