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The Curious Bag
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A W-2 is a tax form that you need in order to file your annual income tax. It contains information from your employer about your earnings and tax withholdings for the previous tax year.
Employers
Each company you work for as an employee must provide you with a W-2. It contains a statement of your earnings and the taxes withheld by that employer.
Purpose
Your annual wages and tax withholdings are listed on your W-2. You will use this information to fill out your form 1040 federal income tax form.
Time Frame
Each employer that you worked for in the previous year has until the end of January to mail your W-2. This ensures that you have adequate time to file your tax return before the April 15th deadline.
Copies
Each W-2 that you receive will have four copies. One is for your records. The other three are to include with your tax returns to the federal, state and local governments.
Warning
If you haven't received your W-2 by the first week of February, contact your employer to see if they have sent it. Also, if there are any mistakes on your W-2, notify your employer immediately, so you can have a corrected copy sent to you in time to file your tax return.
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