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Form W-2 is used to report wages paid to employees and the taxes withheld from them. It provides vital information for employees to complete their tax returns, including details about earned income,

How to fill out form w-2 - controller

How to fill out Form W-2

1. Obtain blank Form W-2 from the IRS or your payroll software.
2. Enter your employer's name, address, and Employer Identification Number (EIN) in the appropriate boxes.
3. Fill in your employee information, including your name, address, Social Security Number (SSN), and any other required employee details.
4. Report your total earnings in Box 1, which includes wages, tips, and other compensation.
5. Complete Box 2 with the total amount of federal income tax withheld from your paychecks.
6. Fill in social security wages and tips in Box 3 and the corresponding amount of social security tax withheld in Box 4.
7. Enter Medicare wages in Box 5 and the Medicare tax withheld in Box 6.
8. If applicable, complete Boxes 10-12 for any dependent care benefits, nonqualified plans, or additional information.
9. Provide your employees with their copies (Copy B, Copy C, and Copy 2) by the deadline.
10. File the employer's copy (Copy A) with the Social Security Administration by the due date.

Who needs Form W-2?

1. Any employer who pays wages to employees must provide Form W-2.
2. Employees who receive compensation must receive a W-2 to report their income on their personal tax returns.
3. Certain non-profit organizations and government entities that compensate employees also need to issue Form W-2.

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 who pay wages to employees are required to file Form W-2 for each employee who earns at least $600 in a calendar year.

How to fill out Form W-2?

To fill out Form W-2, employers must provide information such as the employee's Social Security number, employer identification number, wages earned, and taxes withheld, among other details.

What is the purpose of Form W-2?

The purpose of Form W-2 is to inform both employees and the Internal Revenue Service (IRS) about the income an employee has earned and the taxes that have been withheld during the year.

What information must be reported on Form W-2?

Form W-2 must report the employee's total taxable wages, Social Security wages, Medicare wages, federal income tax withheld, Social Security tax withheld, and any state and local taxes withheld.