New York W2 Form Printable – IRS Form W-2 details information about 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 provided by employers to all employees who were employed during the tax year of the company.
Fillable Form It 2 Summary Of W 2 Statements New York
The form should be filled out by employees and returned to the Social Security Administration by January 31st of the following year.
What is Form W-2?
To be used by employees on their income tax returns Form W-2 provides them with the information on their income and withholding. It also provides the same information to both the IRS (and the Social Security Administration (SSA)).
This form must be completed by each worker whose the income, Social Security or Medicare taxes were withheld. Workers who claim to be exempt from withholding on W-4 forms that they must have provided to their employers at the time for hiring are exempt.
Who is using Form W-2?
Form W-2 is distributed to employees, but not freelancers, independent contractors, and other non-employees such as vendors. If you wish to provide the information on income to these people, you should use Form 1099–MISC. The majority of non-employees need to receive a 1099-MISC form if you’ve paid them $600 or more in the prior year.
Where can I get Forms W-2?
Forms for W-2 can be obtained at the local office supply store, or from your CPA, or you can access them online from the IRS. You can also obtain W-2 forms from a variety of businesses tax preparation software.
How to file Forms W-2
W-2 forms, along with the W-3 form, should be submitted to SSA no later than January. 31 of the next year. January 31 is the deadline to give W-2 forms out to employees. The W-3 form is a transmission document that is used to consolidate all information from the individual forms of W-2 into one total that can be used by the SSA.