What is a w2 form?

[Thor]

Can someone explain what is a W2 form and why it’s important for employees? I’m trying to understand what information it includes, when employers issue it, and how it’s used during tax filing. A simple breakdown would really help.

 

[Adam]

A‍‌‍‍‌‍‌‍‍‌ W-2 form is a tax document that an employer provides to an employee indicating the amount of money that the employee has made during the year and the amount of tax that has been withheld, and it serves as a reference when filing annual income tax ‍‌‍‍‌‍‌‍‍‌returns.

 

[Oscar]

A W-2 form is a tax return which employers submit to their employees where they show the income earned and taxes paid for compilation of income tax returns.

 

[Shane John]

The employers are required to produce a W-2 form that records the annual wages and taxes that a particular employee earned. It can be used by employees to submit their state and federal income tax returns.

 

[John Smith]

A W-2 form is a U.S. tax document employers provide annually to employees. It reports wages earned, taxes withheld, and other compensation details. Employees use the W-2 to file federal and state income tax returns. Employers must issue it by January 31 each year.

 

[Alexender]

W-2 form is an American tax filing submitted by employers to employees, which indicate the amount of money an employee earned in wages and the taxes that the employer withheld, which might be federal, state, and social security taxes. The W-2 is used by the employees to file their income tax returns.