A W-2 is a tax form used in the United States to report an employee's annual earnings and taxes withheld by their employer. Employers are required to provide employees with a W-2 by the end of January each year, which employees then use to file their federal and state income tax returns.
Context: Identifying the document.
Document title
Key takeaways: Important information.
Employee’s social security number
Employer’s name
Employee’s name
Annual income
Year
Notes on income:
W-2s are used to verify employment and income from prior years.
If a borrower had multiple employers in prior years, they would have multiple W-2s.