What is w 2 form?

Form W-2 is also known as the Wage and Tax Statement. Its a one page form employers send to their employees showing how much they were paid in the previous calendar year. It also shows how much was taken out of their wage (or withheld) for tax and which taxes they paid.

A copy of Form W-2 is sent to the employees, Social Security (SSA), the IRS, and state and local governments.