W-2 Form

The W-2 Form is an important tax document that employers in the United States send to their employees each year. It summarizes how much an employee earned and how much tax was withheld from their paychecks throughout the year. Employees use the W-2 to complete their annual tax returns, ensuring they report their income accurately and pay any additional taxes owed or claim refunds. The form includes details like total wages, Social Security and Medicare contributions, and federal and state tax withholdings, helping both employees and the IRS track income and tax obligations.