Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a W-2 form?

form income taxes tax forms W-2
0
Posted

What is a W-2 form?

0

The W-2 form reports your wages you earned and any taxes the employer has withheld from your paycheck for federal or state taxes. If you earned income in the U.S., a W-2 should be sent to you by mid-February every year. Click here for the Cornell payroll office’s information on W-2 forms.

0

A W-2 form is a tax form created by the Internal Revenue Service (IRS) in the US. It is also called the wage and tax statement and is used to report information about money earned and taxes deducted to the Social Security Administration (SSA), the IRS, and to employees. Employers create W-2 forms for their employees and send copies of the form to the SSA. The SSA then sends information from the W-2 to the IRS. Employees use a W-2 form, or several if they worked for more than one company, to help file their tax returns. They usually receive several copies so that they can keep one for records, and file the other copies with federal, state, and local tax agencies. Of most importance on these forms is wages earned and amount of payment in taxes. All workers tend to receive their W-2s at approximately the same time each year. The government requires employers to send W-2s to employees by the 2 February. Employers must then file W-2s with the SSA by 2 March. Anyone who has worked for an emp

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.