Move Up the W-2 Filing Deadline to Combat ID Theft?
The W-2 filing deadline may be moved up, in an effort to combat identity theft.
Ask Jason 2/10/12
All of these are actual questions from readers over the last couple of weeks. Q: What are boxes 18-20 on a W-2 for? A: Some cities levy an income tax. For example, New York City, many cities that have a professional sports team, and most cities and towns in Ohio. If you earned wages subject […]
Ask Jason – Section 179 and Bonus Depreciation; Educator Expenses; Box 9 of W-2
DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. All of the questions below have come from readers over the last couple of weeks: Q: Do I have to take Section 179 if […]
Q & A Fridays with Jason — November 11, 2011
It’s time for the first of a new weekly series called Q & A Fridays with Jason! DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. ————— Q: Is it true that my […]
What to do If You’re Missing a W-2
If you work at a W-2 job, you should have received your W-2 by now. If you haven’t received your W-2 yet, the IRS offers the following suggestions, from IRS Tax Tip 2011-28: If you haven’t received your W-2, follow these four steps: 1. Contact your employer If you have not received your W-2, contact […]
Understanding Your W-2, Part 3
This third and final installment of my “Understanding Your W-2” series will look at Boxes 14-20 of Form W-2. Box 14 (Other): This box could report any number of items. For same-sex couples in Iowa, this box will report the amount of income reported in Box 1 for including a same-sex partner on health insurance. […]
Understanding Your W-2, Part 2
This is part 2 of a series explaining the boxes that appear on your Form W-2. In Part 1, I looked at Boxes 1-8. Now we’ll start with Box 9: Box 9 (advance Earned Income Credit): Certain taxpayers who qualify for the Earned Income Credit have been able to take the credit in advance on […]
Understanding Your W-2, Part 1
If you haven’t received your W-2 yet, you should be soon. This is the first in a several-part series where I go line-by-line through a Form W-2, so you understand what you are looking at. Line 1 (wages, tips and other compensation): This is the amount of your gross income that is reported on Line […]
