For most individual taxpayers, the Form W-2 is the most important tax document for tax filing season. The W-2, or the Wage and Tax Statement, reports your taxable income amount from your employer. The W-2 Form also reports the taxes withheld by your employer as well as social security and medicare payment amounts for the year. Related Posts - How to rent your house tax-free? - How to determine your tax filing status? - How to Pay Taxes as an Independent Contractor? - How to file a tax return for your kids when they make money in 2019? The W-2 is an obligation of the employer. Your employer must prepare your W-2 Form. Additionally, they provide copies of the W-2 to you and the IRS. The employer must deliver the W-2s by January 31 for the previous tax year. So, the employer must deliver its W-2s by January 31, 2020 for the 2019 tax year. If you do not receive your W-2 by mid-February, you should contact your employer. Note that many people elect to receive the W-2 electronica
Tax topics made simple. Textbook Tax aims to educate readers about a broad range of tax-specific topics and issues. The goal being to explain tax in an easy to learn format for both educational and real-life application.