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Form W-2 is used to report wages, tips, and other compensation paid to employees, as well as taxes withheld for Social Security and Medicare. It includes instructions for employees regarding filing

How to fill out form w-2

How to fill out Form W-2

1. Obtain a blank Form W-2 from the IRS website or your payroll service.
2. Fill in your employer's name, address, and EIN (Employer Identification Number) in the appropriate fields.
3. Enter your employees' details, including their name, address, and Social Security number.
4. Report the employee's total wages, tips, and other compensation in Box 1.
5. Fill in the amount of federal income tax withheld from their paychecks in Box 2.
6. Complete other boxes as necessary, including Social Security wages, Medicare wages, and state tax information if applicable.
7. Distribute copies of Form W-2 to employees by January 31 of the following year.

Who needs Form W-2?

1. Employers who pay $600 or more in wages to an employee during the calendar year.
2. Any business that employs workers who receive taxable income.
3. Employers who withhold federal income tax, Social Security tax, or Medicare tax from their employees' paychecks.

People Also Ask about

Do students get a W-2 form?

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.

Is there a fillable W2 form?

The SSA strongly suggests employers report Form W-3 and Forms W-2 Copy A electronically instead of on paper. The SSA provides two free e-filing options on its Business Services Online (BSO) website. W-2 Online. Use fill-in forms to create, save, print, and submit up to 50 Forms W-2 at a time to the SSA.

What is the Form W-2 for?

The W-2 form is a United States federal wage and tax statement that an employer must give to each employee and also send to the Social Security Administration (SSA) every year. Your W-2 Wage and Tax Statement itemizes your total annual wages and the amount of taxes withheld from your paycheck.

What does W-2 mean in college?

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. The University files this form and sends the necessary copies to employees.

How do I get a copy of my w2g from the IRS?

0:31 2:03 And losses. If you've misplaced your w2g. Don't sweat it the IRS has your back you can request aMoreAnd losses. If you've misplaced your w2g. Don't sweat it the IRS has your back you can request a copy directly from them just fill out form 456 the request for copy of tax.

What is the purpose of a W-2 form?

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. A copy goes to the IRS.

Do students get money back from 1098-T?

The 1098-T form isn't just about reminding you how much you paid for that Organic Chemistry class you barely survived. It's also your ticket to potential tax breaks and deductions. There are a couple to consider: The American Opportunity Tax Credit can be worth up to $2,500 for each eligible student.

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.

For pdfFiller’s FAQs

What is Form W-2?

Form 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 Form W-2?

Employers are required to file Form W-2 for each employee to whom they paid compensation during the year.

How to fill out Form W-2?

To fill out Form W-2, employers must enter the employee's personal information, including their Social Security number, wages, and the amounts withheld for federal, state, and local taxes.

What is the purpose of Form W-2?

The purpose of Form W-2 is to provide employees with a summary of their annual wages and the taxes withheld, which they need for filing their tax returns.

What information must be reported on Form W-2?

Form W-2 must report the employee's total wages, Social Security wages, Medicare wages, federal income tax withheld, Social Security tax withheld, and other relevant information such as state wages and state tax withheld.