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This document is used to report wages, tips, and other compensation paid to employees and the taxes withheld from them, as well as to furnish information to the Internal Revenue Service.

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) in the appropriate boxes.
3. Fill in your personal information including your name, address, and Social Security Number.
4. Indicate your filing status and any other required details as per the form instructions.
5. Report your total earnings in Box 1, any federal income tax withheld in Box 2, and other relevant earnings and tax information in the other boxes.
6. Review the form for accuracy and sign it if required.
7. Provide copies to your employee and submit it to the IRS if needed.

Who needs W-2?

1. Employees who receive wages or salaries from an employer.
2. Self-employed individuals may also need to file a W-2 if they have 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 used in the United States 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 who they pay $600 or more in a calendar year. This includes both full-time and part-time employees.

How to fill out W-2?

To fill out a W-2, an employer must provide details such as the employee's name, address, Social Security number, total wages, and amounts withheld for federal and state taxes. The form has specific boxes for these entries.

What is the purpose of W-2?

The purpose of the W-2 form is to provide a summary of an employee's earnings and tax withholdings for the year, allowing employees to accurately file their personal income tax returns.

What information must be reported on W-2?

The information that must be reported on a W-2 includes the employee's total wages, tips, other compensation, federal tax withheld, Social Security wages, Medicare wages, and state tax information where applicable.