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Form W-2Pretty soon you will be receiving your , which is one of the most important tax documents you'll need when preparing your tax return. The W-2 reports wages you earned, along with income taxes that were withheld and contributions you made to your employer's retirement plan. Employers are required by law to mail or hand-deliver Form W-2 by January 31st. If you have not received your W-2 by mid-February, contact your employer's payroll or accounting department to obtain a re-issued copy.

There's a lot of numbers and codes on your W-2, and each of them means something. Knowing how to read a Form W2 can help you understand your salary, and also help you get a head-start when preparing your taxes. So here's everything you ever wanted to know about your W-2 but were afraid to ask your tax accountant:

Comments
January 24, 2007 at 8:20 pm
(1) Tony says:

If your employeer fails to give you any written document of your total year earnings what should you do?

January 24, 2007 at 9:41 pm
(2) William says:

I have updated the instructions on what to do if your employer refuses to give you a W-2. You can find the updated information here.

February 25, 2007 at 8:34 pm
(3) Sam says:

Hi,

I am a regular subscriber of your newsletter, and find it very useful! Thanks!

I have a question regarding amended-W2. I joined my current company in Nov 2004, at which time I got relocation benefits. By the time I filed my ’04 taxes in April 05, they sent me an email saying that they had overstated my income in 04 on my W2, and that I should be receiving an “amended W2″ and should do as it says. My questions
1. I have so far not done anything abt it. Should I file it differently? Or can I club it with this year’s returns? Does it “expire” because its been more than a year now?
2. Can you point me to some literature on how I can understand that form?

Thanks!
Sam

October 12, 2010 at 6:45 pm
(4) Andy says:

Great info and useful as I prep for 2011 taxes. The new 2011 W2 is out now as well…..any major changes there?

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