Form W-2 is an important document that reports the income an employee has earned at your company, as well as how much federal income tax, Social Security, Medicare, insurance premiums, retirement plan contributions, etc. were withheld from an employee’s wages. In short, the form is used t...
Retirement plan means you participated in your employer’s retirement plan during the year. Third-party sick pay means you received sick pay under your employer’s third-party insurance policy. Box 14: Reports anything that doesn’t have a specific box anywhere else on Form W-2. Box 15: In...
Box 13:This box has three sub-boxes designed to report pay not subject to federal income tax withholding for anemployer-sponsored retirement plansuch as aSIMPLE IRA, and sick pay via a third-party, such as an insurance policy. Box 14:An employer can report any additional tax information tha...
Box 13: If the “Retirement plan” box is checked, special limits may apply to the amount of traditional IRA contributions you may deduct. Box 14: Other — Employers may use this box to report information such as state disability insurance taxes withheld. Box 15: State Employer Identification...
Box 13 reports whether you worked as a statutory employee not subject to federal income tax withholding, participated in an employer-sponsored retirement plan such as a 401(k) or 403(b), or received sick pay through a third-party source, like an insurance policy. Box 14 If you have other...
W-2 Box 1: Wages, tips, other compensation Box 1 reports an employee’s wages, tips, and other compensation. This is the amount you paid the employee during the year that is subject to federal income tax. Payments not subject to federal income tax include pre-tax retirement plan contributi...
filing the Form W-2. First, check the box 13 of Form W-2 if an employee is an active participant in a retirement plan maintained by a company. This information is needed by the Internal Revenue Service to determine how much the employee can deduct for contributions to an individual ...
Form W-2PR Box Info Box 5 Box 6 Box 7 Box 8 Box 9 Box 10 Box 11 Box 12 Box 13 Box 14 Box 15 Box 16 Note:Code E represents wages for employees eligible for the Puerto Rico Young Entrepreneurs Act. To properly display them, define this balance feed before generating your your-end...
W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distribut...
please consult the General Instructions through the link above. If the employee is an active participant in a retirement plan, check this Box. The third-party sick pay box should be checked if you are a third-party sick payer filing a W-2 for an insured's employee or employer reporting...