Form W-2 (Wage and Tax Statement)
The annual statement employers provide to employees and the Social Security Administration reporting wages paid and federal, state, and local taxes withheld.
Detailed Explanation
Employers must furnish W-2s to employees by January 31 each year. Box 1 reports federal taxable wages; Boxes 2, 4, and 6 report federal income, Social Security, and Medicare tax withheld. Box 12 codes report items like 401(k) contributions, employer-paid health coverage, and disqualifying ESPP dispositions. State and local wages and taxes appear in boxes 15-20. Multiple W-2s are common for employees who change jobs or work in multiple states.
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The annual federal income tax return filed by US citizens and resident aliens to report income, deductions, credits, and tax liability.
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A form of employer equity compensation that delivers shares (or cash equivalent) to an employee upon vesting, taxed as ordinary income at vesting.
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