W-2 Forms

A W-2 form is a tax document that employers in the United States are required to provide to their employees by January 31 each year. It summarizes an employee's earnings and the amount of taxes withheld from their paycheck over the past year. The W-2 includes information like wages, tips, and other compensation, as well as federal, state, and local tax withholdings. Employees use this information to complete their income tax returns, ensuring they report their earnings and pay the correct amount of taxes. It’s essential for accurate tax filing and understanding one’s earnings.