Form W-2 - Wage and Tax Statement
What's New for 2011?
The Tax Relief, Unemployment Insurance
Reauthorization, and Job Creation Act of 2010 has temporarily reduced the
rate of social security tax withholding (for employees only) from 6.2% to
4.2% for wage payments made in 2011. See Box 4—Social security tax withheld in the form instructions.
The advance earned income credit payment is
eliminated for tax years beginning after December 31, 2010. Box 9, Advance
EIC payments, has been deleted from the 2011 Form W-2.
Code DD is added to box 12 of the 2011 Form W-2 to report the cost of employer-sponsored health coverage. However, this
reporting will not be mandatory for 2011. Additional reporting guidance
will be available on the Affordable Care Act Tax Provisions page of
IRS.gov. For details, see Notice 2010-69, 2010-44 I.R.B. 576.
The penalties for failure to file correct
information returns and failure to furnish correct payee statements have
increased. See Penalties in the
form instructions.
Participants in governmental section 457(b)
plans can treat elective deferrals as Roth contributions. Code EE, Designated Roth contributions under a governmental section 457(b) plans, has been
added to the list of codes in box 12 for Form w-2. See Designated Roth contributions in the form instructions.
What to Report on Form W-2
Wages, tips, other compensation; social security, Medicare,
withheld income taxes; and advance earned income credit (EIC) payments.
Include bonuses, vacation allowances, severance pay, certain moving expense
payments, some kinds of travel allowances, and third-party payments of sick
pay.
Due Dates for Form W-2
If date shown falls on a Saturday, Sunday or legal holiday,
the due date is the next business day.
To Social Security Administration
Paper: The last day of February
E-File: March 31
To State Agency
State Filing Deadlines
To Recipient
January 31
Where To File
Federal - Paper
Social
Security
Administration
Data
Operations
Center
Wilkes-Barre,
PA
18769-0001
Where To File Federal - E-file
WinFiler http://www.winfiler.com/
SpeedEFiler.com
Federal Filing Requirements for Form W-2
Copy A - For Social Security
Administration
Copy 1 - For State, City, or Local
Tax Department (see State Filing Requirement below)
Copy B - To Be Filed With
Employee's FEDERAL Tax Return
Copy C - For EMPLOYEE'S RECORDS
Copy 2 - To Be Filed With
Employee's State, City, or Local Income Tax Return (see State Filing
Requirement below)
Copy D - For Employer
State Filing Requirements for Form W-2
Varies for filing per state.
6 Part Format
Alabama, Arizona, Arkansas, California, Colorado,
Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Idaho,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland,
Massachusetts, Michigan, Minnesota, Missouri, Mississippi, Montana,
Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota,
Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Utah,
Vermont, Virginia, West Virginia, Wisconsin
4 Part Format
Alaska,
Florida,
Nevada,
New Hampshire,
South Dakota,
Tennessee,
Texas,
Washington,
Wyoming
Federal E-Filing Requirements for Form W-2
Anyone with 250
or more W-2 Copy A forms to submit must file electronically.
Federal Transmittal Form Requirements for
Form W-2
Paper: Form W-3
E-file: None Required
IRS Specific W-2 Form Instructions
IRS General W-2 Form
Instructions
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