The W2 form is a crucial document that employers must provide to their employees each year. It outlines the total amount of income earned and taxes withheld over the course of the previous year. Employees need this information to file their income tax returns accurately. Employers have a legal obligation to ensure that their employees receive their W2 forms in a timely manner. In this article, we’ll answer the question, “When is the W2 deadline?”

W2 Deadline for Employers

Employers must provide their employees with their W2 forms no later than January 31st of the year following the tax year in question. For example, W2 forms for the tax year 2022 must be distributed by January 31st, 2023. This deadline is set by the Internal Revenue Service (IRS), and failure to comply can result in penalties for the employer.

It’s essential for employers to ensure that their W2 forms are accurate and delivered on time to avoid legal and financial consequences. Employers must file copies of their W2 forms with the Social Security Administration (SSA) by January 31st as well.

W2 Deadline for Employees

Employees must receive their W2 forms by January 31st of the following year. Employers can provide these forms in either paper or electronic format, depending on the employee’s preference. Electronic W2 forms must be made available to employees by the same deadline, and employees must have given their consent to receive them electronically.

If an employee has not received their W2 form by February 15th, they should first contact their employer to inquire about it. If the employer is unable or unwilling to provide the form, the employee can contact the IRS for assistance.

When Do W2s Come Out?

W2 forms must be provided to employees by January 31st of the year following the tax year in question. However, this does not mean that all employers will provide their W2 forms on the same day. Some employers may provide W2 forms earlier than the deadline, while others may provide them later. It’s up to the employer to decide when they will distribute W2s forms.

It’s important for employees to keep an eye out for their W2 forms starting in January. Employers are required to provide employees with their W2 forms no later than January 31st, but they may choose to distribute them earlier. Employees who have not received their W2 forms by February 15th should contact their employer to inquire about them.

Conclusion

The W2 deadline is an important deadline for employers and employees alike. Employers must provide their employees with accurate W2 forms no later than January 31st of the year following the tax year, and employees must receive them by the same deadline. Employees who have not received their W2 forms by February 15th should contact their employer or the IRS for assistance.