Form W-2

Form W-2

The W-2 form is a tax document provided to employees by their employers at the end of the tax year. It outlines the employee's total wages earned during the year and the amount of taxes withheld, including federal income tax, Social Security tax, and Medicare tax. The W-2 form is crucial for employees to file their income tax returns accurately. Employees receive a W-2 form from their employer, while freelancers receive a 1099-MISC. The IRS (Internal Revenue Service) website provides more details about Form W-2, and the downloadable version of the form which can be found here.