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This form is used to report wages, tips, and other compensation paid to employees, as well as the federal, state, and local taxes withheld from them. The printed version must meet specific specifications

How to fill out w-2

How to fill out W-2

1. Obtain the W-2 form from your employer or download it from the IRS website.
2. Fill in your employer's name, address, and the Employer Identification Number (EIN) in the appropriate boxes.
3. Enter your own name and address as it appears on your Social Security card.
4. Fill in your Social Security number in the designated box.
5. Complete the boxes for wages, tips, and other compensation earned in the year.
6. Report federal income tax withheld in the corresponding box.
7. Fill in Social Security wages and Medicare wages if applicable.
8. Review the form for accuracy and ensure all required fields are completed.
9. Submit the W-2 form to the IRS along with your tax return by the deadline.

Who needs W-2?

1. Anyone who has earned income from an employer during the tax year.
2. Employees who need to report their earnings and tax information on their federal tax returns.
3. Workers who have had taxes withheld from their paychecks.

People Also Ask about

What is a W-2 called in the UK?

In the UK, the P60 form has been issued since 1944 by employers to each of their employees to detail the employees' taxable income and deductions made by PAYE (both for income tax and National Insurance contributions) for that year.

How is the W-2 and W-4 different?

Form W-2 and Form W-4 are federally required IRS tax forms, but Form W-4 is completed by employees and used by employers to calculate how much income tax to withhold. On the other hand, the purpose of Form W-2 is to report employee pay over the past year and how much tax was withheld.

What is the meaning of w2s?

Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Do I get a W-2 as a student?

8863: Download and complete this form to see if you qualify for tax credits for college students. W-2: If you made $600 or more at work last year, your employer must provide you with a W-2. This form will show if you had any income tax withheld. Make sure you include it when you file your tax return.

What does the W-2 stand for?

IRS Form W-2, also known as a “Wage and Tax Statement,” reports an employee's income from the prior year and how much tax the employer withheld. Employers send out W-2's to employees in January.

What is a w2 form for students?

A W-2 form is known as a Wage and Tax Statement. The form shows how much the University paid you along with how much money was withheld for taxes like Social Security and Medicare.

What is the UK equivalent of a W-2?

That said, you will still need proof of your employment income and any foreign income tax deducted at source when you file your US taxes. Many countries have a form that serves as an equivalent to the W-2. For example: United Kingdom: Form P60.

What is a P60 in the UK?

Your P60 shows the tax you've paid on your salary in the tax year (6 April to 5 April). You get a separate P60 for each of your jobs every tax year. There's a separate guide to getting P60s if you're an employer. If you're working for an employer on 5 April they must give you a P60.

For pdfFiller’s FAQs

What is W-2?

W-2 is a tax form that employers in the United States are required to provide to their employees, which reports an employee's annual wages and the amount of taxes withheld from their paycheck.

Who is required to file W-2?

Employers are required to file W-2 forms for each employee who they pay $600 or more in a calendar year, as well as for employees who have had taxes withheld from their salaries.

How to fill out W-2?

To fill out a W-2, employers need to enter their business details, employee's details, wages, and the amount of taxes withheld, following the IRS guidelines and using the appropriate boxes.

What is the purpose of W-2?

The purpose of W-2 is to inform employees and the IRS about the employee's income and tax withholdings for the year, ensuring that individuals can accurately file their tax returns.

What information must be reported on W-2?

W-2 must report the employee's total earnings, Social Security wages, Medicare wages, withholdings for Federal and State income taxes, Social Security tax, and Medicare tax, among other relevant information.