A W-2 kind, also referred to as a Wage and Tax Assertion, is an official doc issued by employers to their staff that summarizes annual earnings and withholdings for the yr. Employers sometimes ship the W-2 kind to their staff by the top of January and are used to file taxes with the federal government.
The W-2 kind is a vital doc for tax functions, offering proof of revenue and aiding within the calculation of taxes owed or refunds due. This kind has been in existence for a number of a long time, with its first model launched in 1918.