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Form W-2 is a document that reports wages paid to employees and the taxes withheld from them in the US. Employers must send it to employees and the Social Security Administration by January 31, and employees use it to file their tax returns.
Form W-4 is an IRS tax form that employees in the US complete to indicate their tax situation and the amount of federal tax to withhold from their paycheck. Learn about the motivation, filing, and specialized versions of the W-4 form, and how it affects your tax refund or payment.
Learn about the different types of withholding tax imposed at various levels in the US, such as wage withholding, withholding on payments to foreign persons, and backup withholding. Find out how withholding works, how to calculate it, and how to report it.
Learn about the various forms and schedules used by the IRS for taxpayers and tax-exempt organizations to report financial information and calculate taxes. Find out the history, purpose, and features of Form 1040, the only form used for personal federal income tax returns since 2018.
A paycheck is a document or electronic payment issued by an employer to pay an employee for services rendered. Learn about different types of paychecks, such as electronic direct deposits, payroll cards and payroll warrants, and their advantages and disadvantages.
A warrant of payment is a written order to pay a specified amount of money or supply goods at a specific date. Learn about the history, types, and uses of warrants in finance, government, and securities.
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