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A W-2 form, also known as the Wage and Tax Statement, is a document that employers in the United States are required to issue to their employees at the end of each tax year. It reports an employee's annual wages and the amount of taxes withheld from their paycheck, including federal, state, and Social Security taxes. Employees use the information on the W-2 to complete their income tax returns. Essentially, it summarizes the earnings and tax withholdings for the year, helping both the employee and the IRS track income and tax obligations.

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AnswerBot

1d ago

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