W-2s are required documents for taxpayers to file accurate tax returns, and employers must provide them on time to ensure proper filing. To ensure timely filing, Americans must have all of their paperwork ready for the upcoming 2025 tax season.
The exact date has not been announced, but it is expected that the Internal Revenue Service (IRS) will begin processing 2024 tax returns later this month.
Employers must provide the W-2 form to their employees by the end of January and submit it to the IRS and the Social Security Administration.
To provide the employee with enough time to complete their tax returns before the deadline of Tuesday, April 15, 2025, the employer must deliver this necessary paperwork by Friday, January 31, 2025.
The Internal Revenue Service (IRS) urges all eligible Americans to file the Form W-2
The W-2 tax form lists each employee’s previous year’s income, including taxes deducted from their paychecks and any benefits received. This form can help the employee file federal and state taxes. During tax season, one of the most important tasks for businesses is to submit a W-2 form on behalf of each employee.
The completed forms must be submitted to the IRS and the Social Security Administration (SSA) by January 31, at the latest. Businesses that meet at least one of the requirements for exceptional circumstances may apply for a 30-day extension using Form 8809.
It is important to note that employers can file electronically or by mail with the IRS and SSA. Employers who apply for one or more information statements, including W-2s, are required to file electronically unless the IRS grants a waiver.
For more information on how to file the form, visit the IRS’ Where and When to File page. If you haven’t received a completed W-2 by early February, contact your employer; you should have one by the end of January. If you are still waiting for the paper form to arrive in the mail, your employer may be able to provide you with an electronic version to help you file.
Please notify your employer right away if you notice any errors on your W-2, such as a misspelled name or an incorrect earnings amount, and request that they be corrected. If you don’t, you could face problems if you file your taxes with incorrect information.
According to the IRS Guidelines for W-2 Form Filers, it is critical to complete Form W-2 accurately and timely because it contains information used to calculate employees’ Social Security and Medicare payments.
Here is what Americans should know about tax season in 2025
Americans will soon receive their W-2 forms so they can begin completing their tax returns for the previous year, as 2025 has already begun. As millions of people wonder when they need to file their taxes, the new year also brings changes to the tax code for 2025, which will affect filing. The following information relates to the tax season this year:
The IRS has not yet disclosed the start date for filing tax returns, which is typically at the end of January. Before then, people can begin preparing their returns using the IRS’s tax software for the year, and the agency has issued a list of tips to help speed up the process. Furthermore, there will be no holidays this year that could affect the IRS’s regular tax filing deadline of April 15.
Furthermore, in 2025, taxpayers who receive $5,000 or more from online markets or payment programs such as Venmo, Zelle, Google Wallet, and others will be required to file Form 1099-K. Regardless of whether it exceeds $5,000, the IRS states that any revenue generated by these websites is taxable, and people must report it regardless of whether they received the form.
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