(Tax Year 2024 – Filed in 2025) Overview If you’re a W-2 employee, your taxes are withheld directly from your paycheck, but that doesn’t mean you’re stuck paying more...
(Tax Year 2024 – Filed in 2025) Overview If you’re a W-2 employee with qualifying children, you may be eligible to claim the Child Tax Credit (CTC) a powerful...
(Tax Year 2024 – Filed in 2025) Overview Even if you’re a W-2 employee and don’t itemize deductions, you can still legally reduce your taxable income and claim valuable...
(Tax Year 2024 – Filed in 2025) Overview If you’ve received your Form W-2 and noticed Code DD in Box 12, you might be wondering what it means and...
(Tax Year 2024 – Filed in 2025) Overview Retirement contributions are a key part of many W-2 employees’ compensation packages. These contributions whether to a 401(k), 403(b), 457(b), or...
(Tax Year 2024 – Filed in 2025) Overview Box 12 on Form W-2 contains a series of codes and dollar amounts that report non-wage compensation, pre-tax benefits, and retirement...
(Tax Year 2024 – Filed in 2025) Overview As a W-2 employee, your paycheck may include various deductions taken out for benefits or contributions. These deductions are categorized as...
(Tax Year 2024 – Filed in 2025) Overview Employers are required by IRC § 6051 to issue accurate Form W-2 statements to employees and file them with the Social...
(Tax Year 2024 – Filed in 2025) Overview Employers are required by law to issue Form W-2 (Wage and Tax Statement) to employees and file it with the Social...
(Tax Year 2024 – Filed in 2025) Overview Form W-2, Wage and Tax Statement, is one of the most important tax documents for employees and employers. But did you...