W-2
Wage and Tax Statement
Wage and Tax Statement
Form W-2, “Wage and Tax Statement,” is the official IRS form that employers use to report annual wages and tax information for each employee. Every employer engaged in a trade or business who pays $600 or more (including noncash payments) for employee services, or withholds income, Social Security, or Medicare tax, must file Form W-2 for each employee. This includes situations where tax would have been withheld had the employee not claimed exemption or more than one withholding allowance on Form W-4.
Form W-2 reports the employee’s annual taxable wages, withheld federal and state income taxes, Social Security and Medicare contributions, and other relevant tax amounts. Employers must provide copies to both the employee and the Social Security Administration (SSA), with additional copies submitted to state or local tax agencies as required. The W-2 form serves as a key document for employees preparing their individual tax returns, and timely, accurate filing helps ensure compliance with federal and state tax laws.
View More About Form W-2 on IRS.gov