Get the free W-2

This form is used by employers to report wages paid to employees and the taxes withheld from those wages. It includes information such as wages, tips, and other compensation, as well as details required

How to fill out w-2

How to fill out W-2

1. Obtain a W-2 form from your employer.
2. Fill in your personal information, including your name, address, and Social Security number.
3. Enter your employer's information, including their name, address, and Employer Identification Number (EIN).
4. Report your earnings in the appropriate boxes, including wages, tips, and other compensation.
5. Fill in the federal income tax withheld in the designated box.
6. Complete state and local tax information if applicable.
7. Check the accuracy of all information entered on the form.
8. Submit the W-2 form to the IRS and retain a copy for your records.

Who needs W-2?

1. Employees who earn wages or salary.
2. Self-employed individuals if they hire employees.
3. Business owners who pay wages to employees.

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 use to report 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 they pay $600 or more in a calendar year, as well as for any employee for whom income, Social Security, or Medicare taxes were withheld.

How to fill out W-2?

To fill out a W-2, employers must enter their details, including the Employer Identification Number (EIN), the employee's personal information, including Social Security Number (SSN), wages, and tax withholdings in the appropriate boxes provided on the form.

What is the purpose of W-2?

The purpose of W-2 is to provide employees with a summary of their earnings and taxes withheld, which they will need to file their personal tax returns.

What information must be reported on W-2?

W-2 must report information such as the employer’s name, address, and EIN; employee's name, address, and SSN; total wages, tips, and other compensation; and the total amount of federal, state, and local income taxes withheld.