Box 2 — Federal Income Tax Withheld Enter the amount of federal income taxes that have been withheld from the employee’s paychecks and remitted to the IRS throughout the year. Federal tax withholding is based on each employee’s taxable wages and filing status. Box 3 — Social Security Wa...
Box 2 Federal income tax withheld Taken from the Federal Withholding Year to Date in the Employee Summary window and Employee Tip Summary window. Box 3 Social Security wages Taken from the FICA Soc Sec Wages Year To Date field in the Employee Summary window. The system checks the maximum Soci...
Deductions like retirement can decrease the amounts in one or more of the boxes because they may be not subject to Federal Withholding, Social Security, or Medicare. Example of how this might impact the W-2 amounts Let’s look at an example of an employee who h...
withholding at the federal level. This is not the same as a common-law employee. To learn more, 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 ...
boxes 1-14 report federal income and withholdings while boxes 15-20 refer to state info. Don't worry if not every single box is filled out or if some are blank; this is usual because your employer only fills out what pertains to you and is necessary. If you find any errors with your...
Box LabelBalanceAdditional Info Codes Varies See Form W-2 Box 12 Balances, below. Box 13 Box LabelBalanceAdditional Info Statutory Employee NA Field on Federal Tax Withholding card. Retirement Plan NA Displays a box on the W-2, with selection indicating participation, depending on the results li...
Associates claiming to beEXEMPTfor federal and/or state tax withholding purposes: Federal Exempt Status A new 2025 W-4 MUST be completed byFebruary 15, 2025,to maintain yourEXEMPTstatus. If a replacement W-4 is not received, the 2025 W-4 will be treated as if the employee had checked the...
Box 13 – Statutory Employee, Retirement Plan, and Third-Party Sick Pay Box 13 indicates 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) plan), or received sick pay through a thi...
The key information for preparing your federal tax return is in boxes 1, Box one reports your taxable wages, including salary and bonuses. Box two reports the federal income taxes withheld from your paychecks throughout the year. This is important because the amount of tax withhel...
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