The W-2 form is a very important document during tax season. Employers normally send a wave of these forms out by the end of January. Countless envelopes with Form W-2 pass through post offices nationwide. The Internal Revenue Service deadline for employers to send out the form is January 31.
On this form, employers record the income earned by the individual employee and the taxes already paid. Also recorded are wages, commissions, tips, and other withholdings such as federal, state, or social security taxes.
This is the information required on personal income tax forms. It is used to derive how much each citizen owes the IRS and their state department of revenue.
The Best W2 Finders Online
- The best services are the TurboTax W2 finder or the H&R Block W2 finder where individual W-2 information can be automatically retrieved and imported into your tax return. This is useful if your employer has indicated the form is available online.
- Both of these companies can look-up the company you work for, or they can use your Employer Identification Number to find your W2.
- Form W-2 can then be imported into your tax return or downloaded to your computer. You won’t get another W-2 in the mail once you find it online, so be sure to print it out and include with your tax return materials.
File Sooner with Online W-2’s
Fortunately, many people do not have to wait to get their W2 in the mail, they can simply import it into their tax return. Various companies provide it online, even the military, Walmart, and McDonalds.
The W2 online distribution process has been simplified and automated by third-party companies. These payroll or W-2 distribution firms often make the form available for free on the Internet. Employees therefore do not have to wait on the mail and can file their taxes sooner. Also, the process reduces a significant amount of paper waste across the country.