W-4 Tax Form
A W-4 form is an IRS-required document that new hires must complete so their employer knows how much federal income tax to withhold from their paycheck. It plays a key role in helping employees avoid underpayment or overpayment of taxes throughout the year. Understanding the W-4 Form Updated most recently in 2020, the current version […]
W-2 Tax Form
A W-2 form is a federal tax document prepared by an employer that outlines an employee’s total earnings for the prior year. Commonly referred to as the Wage and Tax Statement, it details not only base wages but also any additional compensation such as bonuses, tips, and commissions. It also includes the amounts withheld for […]