Income on Your W2 Form

Posted by Kate on February 9, 2014

W-2 Forms provide employees with wage and salary information to file your taxes. You’ll need your 2013 W-2 form before your can efile.

What is a W-2 Form?

A W-2 Form is a tax form your employer is required to provide to you to file your taxes.

A W-2 Form reports your income from that employer during the tax year along with your federal and state withholding based on the W-4 Form you filled out for your employer.

The W-2 also includes your payroll tax deductions for medicare and social security.

The W-2 also includes important information about pre-tax income such as health insurance and contributions to your Flexible Spending Account (FSA), 401(k), and commuter benefit program.

These adjustments are what make your gross income different from the net income your receive on your paycheck.

When Do I Use a W-2 Form?

You will use a W-2 Form when filling out the income portion of your tax return on your 1040 Form.

How Do I Get My W-2 Form?

Your employer should give you information on when and how you will receive your 2013 W-2 form. The deadline for employers to mail your W-2 form is January 31. Most employers will mail your W-2 to your home.

W-2 Forms Online

Many employers are also currently making W-2 forms available online. To get your W-2 online, your employer must be enrolled in one of the W-2 forms online. The most popular site to download W-2 information is through w2express.

Other Income Forms Not on a Form W-2

Unemployment. If you’re looking for an unemployment W-2 to see your taxable unemployment income, look for a 1099-G.

Independent Contractor. If you are in independent contractor, you’ll get a 1099 instead of a W-2 to report your income.



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