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W2 Form

What is a W2 Form?

The W2 form is known as the Wage and Tax Statement. A W2 form is an IRS (Internal Revenue Service) form which is provided to each employee(s) if they have earned $600 or more in the respective year from their employer at the end of each year, then the filled W2 form combined with the W3 form is sent to the SSA (Social Security Administration). W2 helps employer(s) to report Federal Insurance Contributions Act (FICA) for employee(s).

A W2 form enlightens the employee(s) that what information was reported to IRS by their employer, the information includes,

Related: W-4 Form, W-5 Form, Form 8809