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How to Read Your W-2 Tax Form | Money Instructor

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Comment from : @LeonardoPoblete

W-2 IRS tax formbr- Is a document that summarizes your earnings and tax withholdings for the yearbr- Has identifying information such as: name, address & ssnbr- It has info about your employerbr- The boxes report both income and taxes
Comment from : @AngelicaHutchinson1

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Comment from : @CelideYoneda

W2Form's/Bname nd/D
Comment from : @NatashaDortch-ow6fk

So how much he will get for the tax return? 16,100?
Comment from : @rohancauleechurn2474

Thanks for sharingbrbrHow to fill out the W2-C?
Comment from : @globalkymi1412

Why do i need to file my taxes if the irs already knows how much i made
Comment from : @Jacksauto

How do I know how much money I'm getting back?
Comment from : @ShadowBolt869

You did not explain box 15-20 , each box individually
Comment from : @Imcaasiii

What if box 2 is empty ? While being full time worker
Comment from : @ladyjazmin4064

Is box one gross or net income?
Comment from : @lucidstrife7939

You’re the man!
Comment from : @InterestingVidzYT

Box 1 is how much I’m getting back?
Comment from : @amanireans2125

Box 2 is how much I’m getting back?
Comment from : @lilspankii8250

Form W-2 includes wage and salary information as well as federal, state, and other taxes that were withheldbrbrThis information is used by the employee when they complete their individual tax return using Form 1040brbrWhen an employee prepares their individual tax return for a tax year, the withholding amount from Form W-2 is subtracted from the tax duebrbrIt is possible to receive a refund from the IRS if more income was withheld than necessarybrbrSince the IRS receives a copy of the W-2 from the employer, if the amount reported on the W-2 does not match the amount reported on Form 1040, the IRS will note the discrepancy and may reject the formbrbrIn addition, if an individual does not pay the required amount of taxes, the IRS will also know thisbrbrIn this way, the IRS uses Form W-2 as a way to track an employee's tax liability, and the form has come to be seen as a formal proof of incomebrbrThe Social Security Administration, court proceedings, and applications for federal financial aid for college all use Form W-2 as proof of incomebrbrThe employee receives three paper copies of Form W-2: one as a personal record, one for the federal tax return filing, and one for the state tax return filingbrbrForm W-2 must be attached to one's individual tax return; this is to substantiate claims of withholdingbrbrEmployees are required to report their wage, salary, and tip income even if they don't receive a Form W-2 for this income
Comment from : @SuperGreatSphinx