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HOW TO FILE YOUR W-2 FORM (FIRST TIME) Understand what a W-2 is (your income taxes summary) Wait to receive your W-2 (usually by January 31) Check your personal info (name, SSN, address) Verify your employer’s information Review your total wages (Box 1) Check federal taxes withheld (Box 2) Look at Social Security wages (Box 3) Review Medicare wages (Box 5) Check state taxes (if applicable) Fix any errors with your employer ASAP Decide how you want to file (online or paper) Choose a tax filing me
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HOW TO FILE YOUR W-2 FORM (FIRST TIME) Understand what a W-2 is (your income taxes summary) Wait to receive your W-2 (usually by January 31) Check your personal info (name, SSN, address) Verify your employer’s information Review your total wages (Box 1) Check federal taxes withheld (Box 2) Look at Social Security wages (Box 3) Review Medicare wages (Box 5) Check state taxes (if applicable) Fix any errors with your employer ASAP Decide how you want to file (online or paper) Choose a tax filing me
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1099 vs W-2 — what those numbers actually mean If you’ve never heard these terms before, here’s where to start. 1099 and W-2 are not job titles. They’re tax forms. Those numbers refer to the paperwork the IRS uses to track how you’re paid. W-2 means you’re paid as an employee. Your employer reports your income to the IRS using a W-2 form. Taxes are usually withheld automatically from each paycheck. 1099 means you’re paid as an independent contractor. The company reports what they paid you using
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