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.

Example Sentences

For example, a worker with a W-2 could sell some stock and, depending on the state, prepay the income tax on the profits.

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“The options beyond that for W-2 taxpayers get challenging.”

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One man from Tennessee found the number “666” on his W-2 tax form and immediately quit his job.

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If you’re a working stiff with a W-2 and some 1099s, the government already has most of your tax information, and the collection process associated with that information is largely automated.

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Simple tax returns include those that only have one W-2, mortgage interest, daycare expenses and student loan interest.

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