W-2 Preparation
The Internal Revenue Service (IRS) uses Form W-2 (formally, the "Wage and Tax Statement") to report salaries given to employees and taxes withheld from them in the United States. Employers must file a Kind W-2 for each employee who receives a salary, wage, or other form of remuneration as part of their employment relationship. The Form W-2 must be mailed to employees on or before January 31. This deadline provides these individuals almost two months to prepare their taxes before the April 15 tax deadline. FICA taxes are also reported to the Social Security Administration using this form.
This software is researched and edited by
Rajat Gupta is the founder of Spotsaas, where he reviews and compares software tools that help businesses work smarter. Over the past two years, he has analyzed thousands of products across CRM, HR, AI, and finance — combining real-world research with a strong foundation in commerce and the CFA program. He's especially curious about AI, automation, and the future of work tech. Outside of SpotSaaS, you'll find him on a badminton court or tracking the stock market.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
