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The Complete Guide To The W-2 Form

UNDERSTANDING YOUR W2 FORM A Employee's social security number B Employer identification number (EIN) 1 Wages, tips, other compensation Federal income tax withheld C Employer's name, address, and ZIP code Social security wages Social security tax withheld Medicare wages and tips Medicare tax withheld 6. Social security tips Allocated tips 8. D Control number Dependent care benefits 10 Nongualified plans 11 See instructions for box 12 E Employee's name, address, city, and ZIP code 12 Statutory Retirement Third-party sick pay 12b 13 mploye Other 12c 14 12d 15 Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. Local income tax 20 Locality name Wage and Tax W-2 Statement Department of the Treasury-Internal Revenue Service 2012 Form Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. INCOME TAXES PERSONAL INFO EMPLOYER INFO Your total Employer's Tax ID number The total federal Your social federally taxable gross pay, minus any qualified elective income tax security withheld from number your wages for the year Employer's name and Your name and mailing address business 4. Employee address deductions, such as share of social PERSONAL INFO 401(k) plan contributions security tax withheld 15 Employer's state ID number MISCELLANEOUS The amount of 6. Medicare tax EMPLOYER INFO Total wages (not including tips) subject to social security Tips allocated by an employer to an employee withheld IDENTIFICATION 11 Monies from nonqualified tax Nothing should Optional field to help employers identify/archive W2 forms deferred 9. Total wages (including tips) subject to Medicare tax be in this box. compensation plans (rare). This is included in box 1. Ignore it. Dependent care 10 benefits such 13 Checkboxes to identify if you are a statutory employee (rare), Total tips as daycare paid or incurred by an employer for their employee. reported Used to 14 report other Your total information 16 to you, and may contain info on travel state taxable contributed to a qualifying gross pay, if applicable. This may or may not be the same as Compensation 12 with special tax retirement plan such as a 401(k), or if the W2 form is reimbursement, qualifications union dues, such as box 1 uniform adoption benefits, 401(k) contributions, being filed by a sick-pay payer who is not your payments, 18 Your total health locally taxable insurance etc. gross pay, if applicable. This employer (rare) premiums deducted, etc. Tax locality may or may not be the same as 20 MISCELLANEOUS Total state 17 name, if box 1 or 16 income tax applicable withheld INCOME IDENTIFICATION Total local 19 income tax withheld (if any) TAXES H&R BLOCK NEVER SETTLE FOR LESS" Sources: irs.gov; ucmerced.edu www.hrblock.com f www.facebook.com/hrblock Created by o BizMedia

The Complete Guide To The W-2 Form

shared by obizmedia on Jan 10
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‘Tis the season for W-2 forms to arrive in your mailbox! If you have any questions about the W-2 form, this should help.

Publisher

H&R Block

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obizmedia.com

Category

Economy
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