Chances are that when you get your paycheck, you don’t look closely at anything beyond the net pay—the amount deposited into your account. But your Form W-2, Wage and Tax Statement? That’s a different ...

The IRS Form W-2 is one of the most important documents used when filing your federal tax return. What’s on your W-2 could be the difference between owing a tax payment and receiving a refund. Here’s ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Andy Smith is a Certified Financial Planner ...

If you’re an employee, Form W-2 is one of the most important forms you’ll receive at tax time. It includes information about the income and benefits you received during the tax year, so you’ll need it ...

Your W-2 form, or Wage and Tax Statement, helps you to fill out your annual tax return. Here's more on how to understand the form and what to do if it’s wrong. Many, or all, of the products featured ...

Macy is a writer on the AI Team. She covers how AI is changing daily life and how to make the most of it. This includes writing about consumer AI products and their real-world impact, from ...

A form W-2 is issued by an employer to an employee. An employer has certain reporting, withholding and insurance requirements for employees that are a bit different from those owed to an independent ...

You'll find the total amount withheld from your pay by your employer for federal income taxes in Box 2. This number goes into the section in which you calculate your final refund or amount owed, ...

The Affordable Care Act (ACA) requires employers who file 250 or more W-2s to report the cost of coverage under an employer-sponsored group health plan on an employee’s W-2. This is reported in Box 12 ...

When you earn wages or a salary from an employer, you’ll receive a W-2 form by Jan. 31 of the following year, which contains all the relevant information about your income that you’ll need for tax ...