What Is W-2 Boxes Information?

A w-2 form is official wages and tax a document that keeps the information about employee’s wages, salaries and other information like federal and state taxes that are taken from the employee’s taxable wages. It is used in the United State to make the record of employee’s wages and the taxes are withheld from them.

As the employer is responsible to fill up the w-2 form of his employees to whom he is paying salary, wages, and other compensation because it is the part employment agreement. This process must be completed before 31 January. 

Every employee will receive the three copies of w-2: one copy is for the federal tax, the second copy is for the state tax and the third copy id for the record. This form must be attached to each employee’s pay stub maker in USA as proof.

It is not a difficult task to prepare the w-2 form information as you just need to have all the basic and important information on your side. If there is any mistake in filling information than it would be considered a Fake Paystub maker. Here is a detailed look of w-2 form boxes that will be helpful when you want to fill this form.

Box 1:  employee’s taxable wages – it includes the gross taxable wages that an employer has paid to his employees (including tips, bonus, commission, and salaries)

Box 2: federal income tax – the total amount of money that is withheld from the employee’s pay for the year.

Box 3: social security wages – an employee’s total wages that an employer has paid in the subject to security tax. It doesn’t include tips.

Box 4: social security tax withheld:  it shows the total amount that is withheld for the year. These taxes are calculated at a rate of 6.2 %.

Box 5: Medicare wages – it includes the amount of Medicare wages that an employer has paid to his workers. It doesn’t include any pretax deductions.

Box 6: Medicare tax withheld – it includes 1.45 % of Medicare wages for the year. A person who has a high income will pay the 0.9 % extra Medicare tax.

Box 7: social security tips – it reports the number of tips that employees earned.

Box 8: any allocated tips – it shows the tip income that is allocated to you by the employer.

Box 9: This is blank because its requirement has expired.

Box 10: dependent care program – it records the total amount that is taken from the wages for the dependent care programs. It also mentions contributions that are made by the employer for dependent care on the employee’s side.

Box 11: non-qualified compensation plan - It shows the total money that is distributed to the employees from his employer’s non-qualified delayed compensation plans on paycheck maker.

Box 12: benefits and compensation – it includes all types of codes that indicated all compensation and benefits that an employee gets.

Box 13: retirement plans – this box will only be used when an employee is an active member of this retirement plan.

Box 14: report others – this box is used to reports anything if it is not mentioned in the w-2 form. It may be including:

• Union dues
• Health insurance premium deducted
• Nontaxable income
• Educational assistance payment
• State disability insurance taxes withheld
• Uniform payments
• A Charitable contribution made by payroll deductions

Box 16: state taxable wages – it reports the number of taxable wages for state tax purposes.

Box 17: state tax withheld – it indicated the total income that is withheld for the state tax from the employee’s wages for the year.

Box 18: other taxes – it indicates other local state or city taxes

Box 19: t reports a total amount that is withheld for other income taxes like local, city or state taxes

Box 20: it shows the legal name of other local, city or state taxes that are reported in box 19.

An employer must have this information on Paystub maker in USA when he is filling up the w-2 form. It also helps to determine your taxes that are withheld form one’s income.