Get the free W-2

This form is used to report wages paid to employees and the taxes withheld from those wages for the tax year.

How to fill out w-2

How to fill out W-2

1. Obtain a blank W-2 form from your employer or the IRS website.
2. Enter your employer's name, address, and Employer Identification Number (EIN).
3. Fill in your personal information including your name, address, Social Security number, and filing status.
4. Complete the earnings section, detailing your total wages, tips, and other compensation.
5. Fill out the tax withholding sections, including federal income tax withheld, Social Security tax withheld, and Medicare tax withheld.
6. Review the information for accuracy and make corrections if necessary.
7. Distribute copies of the W-2 to the appropriate parties: one to the IRS, one to state tax agency if applicable, and one to the employee.

Who needs W-2?

1. Employees who receive wages from their employer.
2. Self-employed individuals who may need to report additional income.
3. Employers who must provide a W-2 to their employees for tax reporting.

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 used in the United States to report wages paid to employees and the taxes withheld from them.

Who is required to file W-2?

Employers are required to file W-2 forms for each employee who they have paid $600 or more in a calendar year.

How to fill out W-2?

To fill out a W-2, an employer must provide employee information such as name, address, Social Security number, and wages earned, along with federal, state, and other tax withholdings.

What is the purpose of W-2?

The purpose of W-2 is to inform employees of the income they earned and the taxes withheld, which they need for filing their personal income tax returns.

What information must be reported on W-2?

The W-2 form must report employee's total earnings, Social Security wages, Medicare wages, federal and state taxes withheld, and other applicable deductions.