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A Form W2, officially known as the "Wage and Tax Statement," is a form that is required by the Internal Revenue Service.
The W2 form indicates taxed income from earned wages. Part of your income is withheld for Social Security, Medicare, and other social services.
An employer has to mail out W-2 forms to all employees on or before January 31st of the following year. The deadline for filing taxes is April 15th for the previous year.
A W2 form also counts as proof of income. Many institutions, such as financial aid organizations and the Social Security Administration, use the IRS W2 tax form in this way.
When you file your taxes each year, the IRS does the math, with information provided on each employee's W2 tax form. The employee may get a refund, or the employee may have to pay money out to the IRS.
The withholding amount from your W2 form is subtracted from the amount of tax that you owe. If more taxes were taken out than necessary, you are entitled to a refund from the IRS.
In any case, as the saying goes, the only two things we HAVE to do are die and pay taxes.
To print the above image, simply save it to your image file, then print it out whenever you are ready.
If you have any trouble printing out the image shown on this page, you can Download a Form W2 from the official IRS website.
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