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Wage and Tax Statement Alabama Form

Wage and Tax Statement Alabama Form

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Instructions and help about Wage And Tax Statement Alabama Form

Hello, I’m Jill from Turbo Tax with some interesting information about the W-2 forms your employer sends you each year. If you have been working for a number of years, you probably know that you will be receiving a W-2 from your employer by January 31 each year. But regardless of whether you are a seasoned employee or just completing your first year of employment— there are some things you may be interested to know about your W-2. The first thing you should realize is that you only receive a W-2 for the income you earn as an employee. If you work as an independent contractor—meaning you are self-employed— you will receive a 1099 instead. Your W-2 form has a number of boxes that report information about your earnings and taxes. However, for purposes of preparing your federal tax return, the key information is in boxes 1, 2, 17 and 19. Box 1 is going to report your annual salary plus all bonuses and other types of compensation you receive. And box 2 will report the federal income

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