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The W-4 is the form that an employer uses to determine how much to withhold from an employee’s paychecks for federal taxes. The form gives your employer two vital pieces of information: your ...
W-2 vs. W-4. While the W-2 and W-4 forms serve similar purposes, they’re different forms filed at different times. A W-4, or Employee’s Withholding Certificate, is filled out by an employee ...
Is a W-4 the same as a W-2? No, the W-4 and W-2 are different forms. The W-4 is filled out by an employee and tells the employer how much to withhold from their paychecks for taxes.
In US territories, the W-2 is issued with a two letter territory code, such as W-2GU for Guam. Corrections can be filed using Form W-2c. The use of the form has led to the phrase "W-2 employees" to refer to those who receive Form W-2, in contrast to independent contractors and other "1099 workers" whose income is instead reported on Form 1099. [2]
Form W-4, 2012. Form W-4 (officially, the "Employee's Withholding Allowance Certificate") [1] is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold ...
The Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them. [46] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. An employer must mail out the Form W-2 to employees on or before January 31.