W2
Form used to report wages, taxes withheld, and other employee compensation.
Last updated
December 2, 2024
The W2 form is a crucial document used by employers to report wages, tips, and other forms of compensation paid to employees during a tax year. It is also utilized to report the amount of federal, state, and other taxes withheld from the employee's paycheck. The information on the W2 is essential for employees to accurately file their income tax returns.
Each employee receives a W2 form from their employer by January 31st of the following year. This document is critical for financial institutions and tax preparation professionals as it helps in verifying income and tax withholdings for individuals applying for loans, mortgages, or other financial products.
Extractable Data Fields
Below is a table listing the key data fields that Vaultedge can extract from the W2 form. Please refer to the table below for detailed information.
|
| Year | Yes | number |
| OMB Number | Yes | number |
| Control No. | Yes | text |
| Borrower SSN | Yes | ssn |
| Employer Name | Yes | text |
| Employer Address | Yes | text |
| Employer EIN OR FED ID number | Yes | number |
| Borrower Name | Yes | text |
| Borrower First Name | Yes | text |
| Borrower Last Name | Yes | text |
| Property Address Full | Yes | text |
| Property Street Address 1 | Yes | text |
| Property Street Address 2 | Yes | text |
| Property City | Yes | text |
| Property State | Yes | text |
| Property Zipcodecode | Yes | number |
| Wages Tips Other Compensation | Yes | amount |
| Federal Income Tax Withheld | Yes | amount |
| Social Security Wages | Yes | amount |
| Social Security Tax Withheld | Yes | amount |
| Medicare Wages and Tips | Yes | amount |
| Medicare Tax Withheld | Yes | amount |
| Social Security Tips | Yes | amount |
| Allocated Tips | Yes | amount |
| Verification Code | Yes | amount |
| Dependent care benefits | Yes | amount |
| Nonqualified plans | Yes | amount |
| 12 Code C | Yes | amount |
| 12 Code W | Yes | amount |
| 12 Code DD | Yes | amount |
| 12 Code D | Yes | amount |
| 12 Code S | Yes | amount |
| 12 Code Q | Yes | amount |
| 12 Code G | Yes | amount |
| 12 Code E | Yes | amount |
| 12 Code AA | Yes | amount |
| Statutary Employee | Yes | text |
| Retirement Plan | Yes | text |
| W2_14 | Yes | text |
| State (point 15) | Yes | text |
| Employer State ID No | Yes | text |
| State wages Tips Etc | Yes | amount |
| State Income Tax | Yes | amount |
| Local wages Tips Etc | Yes | amount |
| Local Income Tax | Yes | amount |
| Locality Name | Yes | text |
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