This article was updated for Tax Year 2023, last edited on December 18th, 2023.
A Form W-2 is an employee’s Wage and Tax Statement. It’s issued as a record of an employee’s compensation, benefits, and taxes withheld for a given tax year.
A W-2 is filed for all employees of a company who earn any wages through employment. W-2s should be issued for every employee, regardless of the amount earned, or if income, Social Security, or Medicare taxes were withheld.
W-2 forms are the most common tax form issued and generally contain all wage and withholding information for a given employer. More information about what each of the boxes on the W-2 mean can be found here.
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