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W-2

[ duhb-uhl-yoo-too, -yuh- ]

  1. a standard tax form showing the total wages paid to an employee and the taxes withheld during the calendar year: prepared by an employer for each employee.


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Example Sentences

Clifford Neuman, director of the USC Center for Computer Systems Security, said if a ransomware attack gains access to someone’s wage and tax statement commonly referred to as a W-2, it’s a “treasure trove of information for someone looking to commit identity theft.”

This also is the first tax season that the IRS has rolled out a program called Direct File, the government’s free electronic tax return filing system available to taxpayers in 12 states who have simple W-2 forms and claim a standard deduction.

A key step is to start gathering all of your documents, such as your W-2 or 1099 forms, savings and investment records, eligible deductions and tax credits, ahead of sitting down to file your taxes.

Raynor, a veteran flight attendant at the top of the pay scale, shared her W-2 tax returns showing that she earned almost $14,000 less in 2020 during the worst of the downturn than she did the following year.

Direct File offers step-by-step guidance for people whose returns require only the most basic federal forms — for example, people whose income was limited to wages recorded on a W-2 and Social Security benefits — but the IRS says the service will be available only until April 15.

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