Form W-2 is filed by employers to report wages, tips, and other compensation paid to employees as well as FICA and withheld income taxes. Information about Form W-2, Wage and Tax Statement, including recent updates, related forms and instructions on how to file.

Sep 17, 2024 · The quickest way to obtain a copy of your current year Form W-2 is through your employer. Your employer first submits Form W-2 to SSA; after SSA processes it, they transmit the federal tax information to the IRS.

Feb 6, 2025 · Employers must file a Form W-2 for each employee from whom Income, social security, or Medicare tax was withheld. Form W-2 PDF. Related: General Instructions for Forms W-2 and W-3 PDF

Feb 14, 2025 · Understand the differences between Form 1040 and W2, their purposes, and how they fit into the tax filing process.

Nov 4, 2024 · Unfortunately, the IRS offers limited guidance on how to attach a W-2 to an individual federal tax return or Form 1040. The primary goal of attaching the W2 is to ensure that the document is not separated from the overall return at any point in the IRS’ review process.

In this simulation, you will take on the role of Cicely King in order to learn how to use the information from Form W-2 to complete Form 1040.

A 1040 transcript summarizes the key information on your tax returns such as your filing status, income and tax credits. A W-2 transcript provides wage, retirement contribution and tax withholding information from the W-2 submitted to the IRS by your employer.

Box 2 — Shows the total federal income tax withheld from your paycheck for the tax year. Include this amount on the federal income tax withheld line of your tax return (Form 1040, line 25a). Box 3 — Shows your employee wages subject to Social Security tax, which could be different from what’s reported on box 1.

Jun 6, 2019 · The W-2 is the form your employer sends to you each January reporting your wages & withholding. The form 1040 is your tax return you file.

A Form W-2 is a wage and tax statement that summarizes how much you earned and how much you paid in taxes throughout the year if you work for an employer. Employers withhold taxes from your paychecks and send those payments to the IRS, and once the year is over, your employer sends a copy of the W-2 to both you and the IRS.