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This document is used to report wages, tips, and other compensation paid to employees, as well as the taxes withheld from their earnings.

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 information in the appropriate boxes, including your employer's name, address, and Employer Identification Number (EIN).
3. Fill in your personal information, including your name, address, and Social Security number.
4. Complete the wage and tax information sections, detailing your earnings for the year and any taxes withheld.
5. Indicate any other relevant information, such as retirement plan contributions or dependent care benefits, if applicable.
6. Review the form for accuracy and ensure all information is complete.
7. Provide copies of the W-2 form to your federal, state, and local tax authorities as required.

Who needs W-2?

1. Employees who worked for an employer and received wages, salaries, tips, or other compensation must receive a W-2 form.
2. Self-employed individuals do not require a W-2 but may need other forms such as 1099.

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 taxes withheld from their paychecks.

Who is required to file W-2?

Employers are required to file W-2 forms for each employee from whom they withhold federal income tax, Social Security, or Medicare taxes, as well as for employees who earned at least $600 in a year.

How to fill out W-2?

To fill out a W-2, the employer needs to provide specific information about the employee, such as their name, address, Social Security number, total wages, and the amounts withheld for taxes. This information is then submitted to the IRS and provided to the employee.

What is the purpose of W-2?

The purpose of the W-2 form is to provide the IRS with a record of employees' taxable income and to report the amounts withheld for federal, state, Social Security, and Medicare taxes.

What information must be reported on W-2?

The W-2 must report the employee's total wages, tips, other compensation, and the amounts withheld for federal income tax, Social Security tax, and Medicare tax, along with the employer's identification information.