A W-2 tax form shows important information about the income you’ve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes.
Box 1: Wages, tips, and other compensation Pretty straightforward here, this box is for the employee’s total taxable standard income including wages, salaries, tips, bonuses, etc. Box 2: Federal income tax withheld Here you’ll list the total amount you withheld from your employee in federal...
the IRS, the state and federal government with your income, tax, and deduction information. This helps the IRS determine whether you get a generous tax refund or possibly owe more in taxes. Let’s hope it’s the former one!
State Wage and Tax Details Click hereto Learn more aboutForm W-2. Once you have filed yourForm W-2to the SSA, you can alsofile your W-2 Form to the respective statedirectly through ExpressIRSForms. Start Filing Now Frequently Asked Questions: Form W-2/W-3 ...
Leave Box 15 blank if you have no reporting requirement with your state. Contact your state if you do not have an employer’s state ID number and need one. W-2 Box 16: State wages, tips, etc. Box 16 shows an employee’s wages that are subject to state income tax. If the employee...
Postal Service box on the very last day of the month, it could still be on its way to you during the first days of February. » MORE: The fastest way to get your tax refund 2. Consider your online options If you haven’t received your W-2 in paper form, or wondering how to ...
What is W-2 box 12? The W-2 form is one of the most common tax forms used by the Internal Revenue Service for U.S. taxpayers. Specifically, it’s a tax statement that reports the taxes withheld from your taxable wages — including state wages as well as federal wages and withholding...
PeopleSoft Report ID: TAX916ST STATE W-2 TAX TOTALS SUMMARY REPORT W2 Rpt Company GBI Global Business Institute 9999 Tax Year 2012 Federal EIN 99-4123456 Number of W-2 Statements Total State Wages Total State Income Tax Total State EIC AL 1 2468.50 77.04 AZ 2 6328.15 169.78 CA 11 ...
Gross wages are the amount a company pays an employee before any deductions are withheld. On a W-2 tax statement, an employee's federal taxable gross wages appear in Box 1, which is located near the top-center of the form. Gross Pay Meaning ...
The IRS provides several methods for you to request a 1040 and W-2 transcript. If you choose to mail the form, you must mail it to the correct address designated for your state, as described on the bottom of Form 4506-T. You can also fax the form to the IRS. The fax number for ...