W2 form where to find

You can do this by getting an extension of the time to file. Any taxpayer can get an automatic extension of time to file by filing a Form This will give you another six months past the usual April deadline to get your return in. Note, however, that you have to estimate your tax liability and pay by the normal April filing deadline. The IRS levies a penalty of 5 percent of the unpaid taxes for each month or part of a month a return is late.

That can go up to 25 percent of the unpaid taxes. The IRS charges interest on underpayments. The interest is compounded daily based on the previous day's balance plus the interest.

The interest rate, which is the short-term Federal Funds rate plus 3 percentage points, is not high compared to credit cards and other costly loans. But it can add up quickly. Sometimes this can work for the current year as well.

The IRS online tool to request wage and income transcripts also lets you get the information that was reported on your W-2, and other forms for previous years. You can request a lost W-2 for any one of the last 10 tax years. If you can lose a W-2, you can also forget to include one on your return. If you have more than one job, for Social Security tax purposes, the cap still applies.

Box 4 shows the total of Social Security taxes withheld for the year. Unlike federal income taxes, Social Security taxes are calculated based on a flat rate. The rate is 6. The amount in Box 4 should, then, be equal to the amount in box 3 times 6. Since you should not have more Social Security withholding than the maximum wage base times 6. Box 5 indicates wages subject to Medicare taxes. Medicare taxes generally do not include any pretax deductions and will include most taxable benefits.

That, combined with the fact that unlike Social Security wages, there is no cap for Medicare taxes, means that the figure in box 5 may be larger than the amounts shown in box 1 or box 3. In fact, it's likely the largest number on your form W Box 6 shows the amount of Medicare taxes withheld for the year. Like Social Security taxes, Medicare taxes are figured based on a flat rate.

The rate is 1. For most taxpayers, this means that the figure in box 6 is equal to the figure in box 5 times 1. Your employer must also withhold additional Medicare tax of. Since your employer doesn't know your entire financial picture, it's possible that you may have to pay more additional Medicare taxes than your withholding depending on filing status, compensation and self-employment income.

Tips which were reported to your employer will be found in box 7. If this box is blank, it means that you did not report tips to your employer unreported tips are still taxable. Allocated tips reported in box 8 are those that your employer has attributed to you. Those tips are considered income to you. For more on tip income, click here. Box 9 is relatively new. You may see a digit verification code here. It's part of a growing security initiative to assist the IRS with verifying that the form is authentic.

If your form W-2 contains this code, you or your tax professional should enter it when prompted using software electronically filed returns only. If the code is not on your form, don't worry: your tax return will still be accepted. Box 11 is used to report amounts distributed to you from your employer's non-qualified deferred compensation plan this amount is taxable. Don't confuse this with amounts contributed by you. That shows up in box Box 12 is the kitchen sink of form W-2 reporting.

Here, you'll see all kinds of codes. All of that data affects your tax picture — your retirement contributions might not be taxable , for example.

Box 1: Details how much you were paid in wages, tips and other compensation. Box 2: Shows how much federal income tax was withheld from your pay.

Box 3: Shows much of your pay in Box 1 was subject to Social Security tax. Box 4: Shows how much Social Security tax was withheld from your pay.

Box 5: Shows much of your pay in Box 1 was subject to Medicare tax. Box 6: Shows how much Medicare tax was withheld from your pay. Box 7: Shows much of the tip income you reported to your employer those tips are included in Box 1 was subject to Social Security tax. Box 8: Shows the amount of other tips your employer allocated to you.

This pay isn't included in Box 1. Learn how to report tips on your income tax return. Box Shows the amount of dependent care benefits your employer paid to you or incurred on your behalf. Box Generally, this box shows how much money was distributed to you during the year from your employer's deferred compensation plan. Box Here, there are four areas in which the employer can provide more detail about some or all of the pay reported in Box 1. If the income you report on your taxes does not match the information on your W-2, the IRS will want to know why.

Similarly, the IRS will match the reported payment amounts with your employer's corporate tax return for accuracy. But most importantly, since the IRS receives a copy of your W-2, it already knows whether you owe tax and may contact you if you fail to file a tax return. If the name or Social Security number on your W-2 is inaccurate, you should immediately report this to your employer to correct. When you finish your tax returns and get ready to file them, remember that a copy of your W-2 must always be attached.

If you e-file using TurboTax then your W-2 information is sent along with your tax return. However, if you are filing your tax return by mail then you need to place a copy on the front of your return. Remember, with TurboTax , we'll ask you simple questions about your life and help you fill out all the right tax forms.

Whether you have a simple or complex tax situation, we've got you covered. Feel confident doing your own taxes. Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest.

For Simple Tax Returns Only. What is a W-4 Form?