Question of the day Money & Work Basics
W-2 Form: What It Shows and How It Works
Short answer
A wage and tax statement from your employer
A Form W-2 reports an employee’s wages and certain taxes withheld during the year. Employees use it to prepare a federal tax return and may need it for state or local returns too.
- Issued by
- an employer for an employee
- Reports
- wages and tax withholding
- Used for
- preparing an income tax return
Read the full answer 7 min read · Further reading: Internal Revenue Service

