2021 W2 Forms Fillable – IRS Form W-2 provides information on the gross salary of an employee, Social Security and Medicare pay, federal and state income tax withholdings, as well as other tax-related deductions. This statement must be given to each employee who worked during the tax year by their employer.
Form W2 Wage And Tax Statement 2021
The form should be distributed to employees and then submitted to the Social Security Administration no later by January. 31 of the next year.
What exactly is Form W-2? how Does It How Does It Work?
The Form W-2 is utilized to give income and withholding information for employees in order to complete their tax returns. The form also provides the same information to the IRS as well as the Social Security Administration.
The form must be completed for each worker whose income, Social Security, and Medicare taxes were withheld over the the year. There is an exemption for employees who claimed they were exempted from withholding forms on the W-4. These forms should have been provided to their employers at the time they hired them.
Who uses Form W-2?
Form W-2 is distributed to employees, but not independent contractors, freelancers, and other non-employees like vendors. For information on income to these people, you would use Form 1099 -MISC. Non-employees must get a 1099-MISC when they earned $600 or more during the preceding year.
Where can I find forms W-2
Forms for W-2 can be obtained at the local office supply store, from your CPA, or you can access them online from the IRS. You can also obtain W-2 forms from most businesses tax preparation software.
How to file forms W-2
Forms for W-2 as well as a W-3 form have to be submitted to SSA by Jan 31st of the following year. Jan. 31 is also the date for W-2 forms being given to employees. W-3 forms are transmission forms that combine information from W-2 forms to create a total for SSA.