How Do You Claim Exempt On A W-2?
If you are asking about claiming, “Exempt” on a W-2 form, you have less knowledge about taxes than you think. A W-2 is the form that an employee receives from an employer at the end of the fiscal year. It is used to report wages, state/federal taxes and Federal Insurance Contribution Act (FICA) taxes to the Social Security Administration (SSA). Employers complete a W-2 for every employee to whom they pay a salary or other compensation. There is no space to for an employee or employer to claim, as exempt. The W-4 form is where employees calculate allowances, based on expected taxes. For further clarification about a paper W-2 call the Internal Revenue Service (IRS) at 1-866-455-7438. To further understand or ask questions about electronic filing of a W-2, contact the SSA at 1-800-772-6270 or visit www.socialsecurity.gov/employer. Fill out a W-4 when you are first hired. If you have already filled one out, you can ask your employer if you can view your W-4 to verify information is correc
