Understand your W-2 form

​Form W-2 contains your wage information for the year with a specific employer. You will use the info from your W-2 when preparing your annual federal tax return.

  • Box a: Your Social Security number. Please make sure that this is correct.
  • Box b: Your company's Federal Employer Identification Number (FEIN).
  • Box c: Your company's name, legal address, and zip code.
  • Box d: This box can include a control number. Gusto does not use one.
  • Box e: Your legal first name, middle initial, and last name. Please make sure that this is correct.
  • Box f: Your home address and zip code.

 

  • Box 1: Your total wages subject to federal income tax for the year. This includes tips. This does not include pre-tax contributions, like contributions to section 125 health plans or 401(k) plans.
  • Box 2: The total amount of federal income tax withheld from your paycheck for the year.
  • Box 3: Your total wages subject to Social Security tax for the year. This amount will not include pre-tax contributions.
  • Box 4: The total amount of Social Security tax withheld from your paycheck for the year.
  • Box 5: Your total wages subject to Medicare tax for the year. This amount will not include pre-tax contributions.
  • Box 6: The total amount of Medicare tax withheld from your paycheck for the year.
  • Box 7: Your reported tips for the year.
  • Box 8: Tips assigned to you in addition to your reported tips. No income, Social Security, or Medicare taxes have been withheld on allocated tips.
  • Box 10: Amounts withheld from your paycheck to pay dependent care benefits for the year.
  • Box 11: Amounts you received from your company's non-qualified retirement plan.
  • Box 12: This box is used to show several types of compensation or benefits that are labeled with a letter code. For a complete list of codes, see the General Instructions for Forms W-2 and W-3, page 28.
  • Box 13: This indicates if you were a statutory employee, participated in the company's retirement plan, or received third party sick pay for the year.
  • Box 14:  Other informational items such as S-Corp Insurance contributions and Personal Use of Company Car.
  • Box 15: The state where your company is located and their state identification number.
  • Box 16:  Your total wages subject to state income tax for the year. This amount will not include pre-tax contributions.
  • Box 17: The total amount of state income tax withheld from your paycheck for the year.
  • Box 18: Your total wages subject to local, city, or other state income taxes for the year.
  • Box 19: The total amount of local, city, or other state income taxes withheld from your paycheck for the year.
  • Box 20The code or name of the local, city, or other state tax reported in Box 19.

Check out the General Instructions for Forms W-2 and W-3 for more details.

 

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