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Form W 5 Fill in Version Earned Income Credit Advance Payment Certificate
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What is a W5 used for?
The IRS Form W-5 is also known as the Earned Income Credit Advance Payment Certificate. This form was previously used by employees who wanted to get a portion of their Earned Income Credit (EIC) in advance, along with their pay. While IRS Form W-5 was once commonly used, it's no longer in use. -
What is the Virginia Earned Income Tax Credit?
Starting with your tax year 2022 Virginia income tax return, you may be able to claim a refundable version of the Virginia Earned Income Tax Credit equal to 15% of your federal Earned Income Tax Credit. The Earned Income Tax Credit is for low- and moderate-income workers. -
What is the difference between W4 and W5?
Like the W4 it is an informational form and is not required to be filed with the IRS. Unlike the W4, the W5 expires on December 31st each year, and has to be submitted again the next year by the employee. Timeliness is very important with the deposits of payments and filing of federal payroll forms. -
What is form 15111?
Form 15111. (December 2023) Department of the Treasury - Internal Revenue Service. Earned Income Credit (EIC) Worksheet (CP 09) Complete this form and determine if you qualify for EIC.
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