![]() ![]() Īn employer must mail out the Form W-2 to employees on or before January 31. This information is used by the employee when they complete their individual tax return using Form 1040. Significance for employee's tax return įorm W-2 includes wage and salary information as well as federal, state, and other taxes that were withheld. If corrections are made, it can be done on a W-2c. In territories, the W-2 is issued with a two letter code indicating which territory, such as W-2GU for Guam. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service. The Form W-2, along with Form W-3, generally must be filed by the employer with the Social Security Administration by the end of February. The form is also used to report FICA taxes to the Social Security Administration. This deadline gives these taxpayers about 2 months to prepare their returns before the April 15 income tax due date. An employer must mail out the Form W-2 to employees on or before January 31. ![]() Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. 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. ![]()
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