A W-2 kind, often known as a Wage and Tax Assertion, is an official doc issued by employers to their workers that summarizes annual earnings and withholdings for the 12 months. Employers usually ship the W-2 kind to their workers by the tip of January and are used to file taxes with the federal government.
The W-2 kind is an important doc for tax functions, offering proof of earnings 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.