A W-2 form, also known as a Wage and Tax Statement, is an official document issued by employers to their employees that summarizes annual earnings and withholdings for the year. Employers typically send the W-2 form to their employees by the end of January and are used to file taxes with the government.
The W-2 form is an essential document for tax purposes, providing proof of income and aiding in the calculation of taxes owed or refunds due. This form has been in existence for several decades, with its first version released in 1918.
