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Tax Forms

The document is a W-2 form detailing the wages, tips, and other compensation for an employee named Justin Williams for the year 2024, including federal and state tax withholdings. It provides information on social security wages, Medicare wages, and various tax codes relevant for filing tax returns. Additionally, it includes instructions for employees regarding tax filing and potential credits, such as the Earned Income Tax Credit (EITC).

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0% found this document useful (0 votes)
131 views2 pages

Tax Forms

The document is a W-2 form detailing the wages, tips, and other compensation for an employee named Justin Williams for the year 2024, including federal and state tax withholdings. It provides information on social security wages, Medicare wages, and various tax codes relevant for filing tax returns. Additionally, it includes instructions for employees regarding tax filing and potential credits, such as the Earned Income Tax Credit (EITC).

Uploaded by

tth8fp5mgc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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OMB No. 1545-0008 OMB No.

1545-0008
d Control Number 1 Wages, tips, other compensation 2 Federal income tax withheld d Control Number 1 Wages, tips, other compensation 2 Federal income tax withheld

A.2254 STERL 612.60 A.2254 STERL 612.60


b Employer identification number (EIN) 3 Social security wages 4 Social security tax withheld b Employer identification number (EIN) 3 Social security wages 4 Social security tax withheld

41-0215170 612.60 37.98 41-0215170 612.60 37.98


a Employee’s social security number 5 Medicare wages and tips 6 Medicare tax withheld a Employee’s social security number 5 Medicare wages and tips 6 Medicare tax withheld

385-27-7102 612.60 8.88 385-27-7102 612.60 8.88


c Employer’s name, address and ZIP code c Employer’s name, address and ZIP code
TARGET CORPORATION TARGET CORPORATION
7000 TARGET PARKWAY N. 7000 TARGET PARKWAY N.
MAIL STOP: NCC-0102 MAIL STOP: NCC-0102
MINNEAPOLIS MN 55445 MINNEAPOLIS MN 55445

7 Social security tips 8 Allocated tips 9 7 Social security tips 8 Allocated tips 9

10 Dependent care benefits 11 Nonqualified plans 12a See instructions for box 12 10 Dependent care benefits 11 Nonqualified plans 12a See instructions for box 12

Code

Code
12b 12c 12d 12b 12c 12d
Code

Code
Code

Code

Code

Code
13 Statutory Retirement Third-party 14 Other 13 Statutory Retirement Third-party 14 Other
employee plan sick pay employee plan sick pay

e Employee’s name, address and ZIP code e Employee’s name, address and ZIP code
JUSTIN WILLIAMS JUSTIN WILLIAMS
2724 PARKWAY CIR 2724 PARKWAY CIR
STERLING HTS MI 48310-7122 STERLING HTS MI 48310-7122

2024 2024
15 State Employer’s state I.D. no. 16 State wages, tips, etc. 15 State Employer’s state I.D. no. 16 State wages, tips, etc.

MI 41-0215170 612.60 MI 41-0215170 612.60


W-2 W-2
Form

Form
17 State income tax 18 Local wages, tips, etc. 17 State income tax 18 Local wages, tips, etc.
Wage and Tax Statement Wage and Tax Statement
Copy C - For EMPLOYEE’S 26.04 26.04
RECORDS (See Notice to Copy B - To Be Filed With
Employee on back of Copy B.) Employee’s FEDERAL Tax
This information is being furnished to the Return.
Internal Revenue Service. If you are required 19 Local income tax 20 Locality name 19 Local income tax 20 Locality name
to file a tax return, a negligence penalty or This information is being furnished to the
other sanction may be imposed on you if this Internal Revenue Service.
income is taxable and you fail to report it.
Department of the Treasury – Department of the Treasury –
Internal Revenue Service Internal Revenue Service

OMB No. 1545-0008 OMB No. 1545-0008

d Control Number 1 Wages, tips, other compensation 2 Federal income tax withheld d Control Number 1 Wages, tips, other compensation 2 Federal income tax withheld

A.2254 STERL 612.60 A.2254 STERL 612.60


b Employer identification number (EIN) 3 Social security wages 4 Social security tax withheld b Employer identification number (EIN) 3 Social security wages 4 Social security tax withheld

41-0215170 612.60 37.98 41-0215170 612.60 37.98


a Employee’s social security number 5 Medicare wages and tips 6 Medicare tax withheld a Employee’s social security number 5 Medicare wages and tips 6 Medicare tax withheld

385-27-7102 612.60 8.88 385-27-7102 612.60 8.88


c Employer’s name, address and ZIP code c Employer’s name, address and ZIP code
TARGET CORPORATION TARGET CORPORATION
7000 TARGET PARKWAY N. 7000 TARGET PARKWAY N.
MAIL STOP: NCC-0102 MAIL STOP: NCC-0102
MINNEAPOLIS MN 55445 MINNEAPOLIS MN 55445

7 Social security tips 8 Allocated tips 9 7 Social security tips 8 Allocated tips 9

10 Dependent care benefits 11 Nonqualified plans 12a 10 Dependent care benefits 11 Nonqualified plans 12a
Code
Code

12b 12c 12d 12b 12c 12d


Code
Code

Code
Code
Code

Code

13 Statutory Retirement Third-party 14 Other 13 Statutory Retirement Third-party 14 Other


employee plan sick pay employee plan sick pay

e Employee’s name, address and ZIP code e Employee’s name, address and ZIP code
JUSTIN WILLIAMS JUSTIN WILLIAMS
2724 PARKWAY CIR 2724 PARKWAY CIR
STERLING HTS MI 48310-7122 STERLING HTS MI 48310-7122

2024 15 State Employer’s state I.D. no.


MI 41-0215170
16 State wages, tips, etc.
612.60 2024 15 State Employer’s state I.D. no.

MI 41-0215170
16 State wages, tips, etc.

612.60
W-2 W-2
Form

Form

17 State income tax 18 Local wages, tips, etc. 17 State income tax 18 Local wages, tips, etc.
Wage and Tax Statement Wage and Tax Statement
26.04 26.04
Copy 2 - To Be Filed With Copy 2 - To Be Filed With
Employee’s State, City, or Employee’s State, City, or
Local Income Tax Return. Local Income Tax Return.
19 Local income tax 20 Locality name 19 Local income tax 20 Locality name

Department of the Treasury – Department of the Treasury –


Internal Revenue Service Internal Revenue Service
Future developments. For the latest information about developments related to Form W-2, Instructions for Employee
such as legislation enacted after it was published, go to www.irs.gov/FormW2. Box 1. Enter this amount on the wages line of your tax return.
Box 2. Enter this amount on the federal income tax withheld line of your tax return.
Notice to Employee Box 5. You may be required to report this amount on Form 8959. See the Form 1040
Do you have to file? Refer to the Form 1040 instructions to determine if you are required to instructions to determine if you are required to complete Form 8959.
file a tax return. Even if you don’t have to file a tax return, you may be eligible for a refund if Box 6. This amount includes the 1.45% Medicare tax withheld on all Medicare wages
box 2 shows an amount or if you are eligible for any credit. and tips shown in box 5, as well as the 0.9% Additional Medicare Tax on any of those
Medicare wages and tips above $200,000.
Earned income tax credit (EITC). You may be able to take the EITC for 2024 if your Box 8. This amount is not included in box 1, 3, 5, or 7. For information on how to report
adjusted gross income (AGI) is less than a certain amount. The amount of the credit is tips on your tax return, see the Form 1040 instructions.
based on income and family size. Workers without children could qualify for a smaller credit. You must file Form 4137 with your income tax return to report at least the allocated tip
You and any qualifying children must have valid social security numbers (SSNs). You can’t amount unless you can prove with adequate records that you received a smaller
take the EITC if your investment income is more than the specified amount for 2024 or if amount. If you have records that show the actual amount of tips you received, report
income is earned for services provided while you were an inmate at a penal institution. For that amount even if it is more or less than the allocated tips. Use Form 4137 to figure
2024 income limits and more information, visit www.irs.gov/EITC. See also Pub. 596. Any the social security and Medicare tax owed on tips you didn’t report to your employer.
EITC that is more than your tax liability is refunded to you, but only if you file a tax Enter this amount on the wages line of your tax return. By filing Form 4137, your social
return. security tips will be credited to your social security record (used to figure your benefits).
Box 10. This amount includes the total dependent care benefits that your employer paid
Employee’s social security number (SSN). For your protection, this form may show only to you or incurred on your behalf (including amounts from a section 125 (cafeteria)
the last four digits of your SSN. However, your employer has reported your complete SSN to plan). Any amount over your employer’s plan limit is also included in box 1. See Form
the IRS and the Social Security Administration (SSA). 2441.
Box 11. This amount is (a) reported in box 1 if it is a distribution made to you from a
Clergy and religious workers. If you aren’t subject to social security and Medicare taxes, nonqualified deferred compensation or nongovernmental section 457(b) plan, or (b)
see Pub. 517. included in box 3 and/or box 5 if it is a prior year deferral under a nonqualified or section
457(b) plan that became taxable for social security and Medicare taxes this year
Corrections. If your name, SSN, or address is incorrect, correct Copies B, C, and 2 and ask because there is no longer a substantial risk of forfeiture of your right to the deferred
your employer to correct your employment record. Be sure to ask the employer to file Form amount. This box shouldn’t be used if you had a deferral and a distribution in the same
W-2c, Corrected Wage and Tax Statement, with the SSA to correct any name, SSN, or calendar year. If you made a deferral and
money amount error reported to the SSA on Form W-2. Be sure to get your copies of Form received a distribution in the same calendar year, and you are or will be age 62 by the
W-2c from your employer for all corrections made so you may file them with your tax return. end of the calendar year, your employer should file Form SSA-131, Employer Report of
If your name and SSN are correct but aren’t the same as shown on your social security card, Special Wage Payments, with the Social Security Administration and give you a copy.
you should ask for a new card that displays your correct name at any SSA office or by calling
800-772-1213. You may also visit the SSA website at www.SSA.gov. Box 12. The following list explains the codes shown in box 12. You may need this
information to complete your tax return. Elective deferrals (codes D, E, F, and S) and
Cost of employer-sponsored health coverage (if such cost is provided by the designated Roth contributions (codes AA, BB, and EE) under all plans are generally
employer). The reporting in box 12, using code DD, of the cost of employer-sponsored limited to a total of $23,000 ($16,000 if you only have SIMPLE plans; $26,000 for
health coverage is for your information only. The amount reported with code DD is not section 403(b) plans if you qualify for the 15-year rule explained in Pub. 571). Deferrals
taxable. under code G are limited to $23,000. Deferrals under code H are limited to $7,000.
Credit for excess taxes. If you had more than one employer in 2024 and more than
$10,453.20 in social security and/or Tier 1 railroad retirement (RRTA) taxes were withheld,
you may be able to claim a credit for the excess against your federal income tax. See the
Form 1040 instructions. If you had more than one railroad employer and more than
$6,129.90 in Tier 2 RRTA tax was withheld, you may be able to claim a refund on Form 843.
See the Instructions for Form 843.

Instructions for Employee(Continued) Instructions for Employee(Continued)


Box 12 (continued) R—Employer contributions to your Archer MSA. Report on Form 8853.
However, if you were at least age 50 in 2024, your employer may have allowed an S—Employee salary reduction contributions under a section 408(p) SIMPLE plan
additional deferral of up to $7,500 ($3,500 for section 401(k)(11) and 408(p) SIMPLE plans). T—Adoption benefits (not included in box 1). Complete Form 8839 to figure any taxable
This additional deferral amount is not subject to the overall limit on elective deferrals. For and nontaxable amounts.
code G, the limit on elective deferrals may be higher for the last 3 years before you reach V—Income from exercise of nonstatutory stock option(s) (included in boxes 1, 3 (up to
retirement age. Contact your plan administrator for more information. Amounts in excess of the social security wage base), and 5). See Pub. 525 for reporting requirements.
the overall elective deferral limit must be included in income. See the Form 1040 W—Employer contributions (including amounts the employee elected to contribute using
instructions. a section 125 (cafeteria) plan) to your health savings account. Report on Form 8889.
Note: If a year follows code D through H, S, Y, AA, BB, or EE, you made a make-up pension Y—Deferrals under a section 409A nonqualified deferred compensation plan
contribution for a prior year(s) when you were in military service. To figure whether you Z—Income under a nonqualified deferred compensation plan that fails to satisfy section
made excess deferrals, consider these amounts for the year shown, not the current year. If 409A. This amount is also included in box 1. It is subject to an additional 20% tax plus
no year is shown, the contributions are for the current year. interest. See the Form 1040 instructions.
A—Uncollected social security or RRTA tax on tips. Include this tax on Form 1040 or 1040- AA—Designated Roth contributions under a section 401(k) plan
SR. See the Form 1040 instructions. BB—Designated Roth contributions under a section 403(b) plan
B—Uncollected Medicare tax on tips. Include this tax on Form 1040 or 1040-SR. See the DD—Cost of employer-sponsored health coverage. The amount reported with code
Form 1040 instructions. DD is not taxable.
C—Taxable cost of group-term life insurance over $50,000 (included in boxes 1, 3 (up to the EE—Designated Roth contributions under a governmental section 457(b) plan. This
social security wage base), and 5) amount does not apply to contributions under a tax-exempt organization section 457(b)
D—Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes plan.
deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement. FF—Permitted benefits under a qualified small employer health reimbursement
E—Elective deferrals under a section 403(b) salary reduction agreement arrangement
F—Elective deferrals under a section 408(k)(6) salary reduction SEP GG—Income from qualified equity grants under section 83(i)
G—Elective deferrals and employer contributions (including nonelective deferrals) to a HH—Aggregate deferrals under section 83(i) elections as of the close of the calendar
section 457(b) deferred compensation plan year
H—Elective deferrals to a section 501(c)(18)(D) tax-exempt organization plan. See the Form II—Medicaid waiver payments excluded from gross income under Notice 2014-7.
1040 instructions for how to deduct. Box 13. If the “Retirement plan” box is checked, special limits may apply to the amount
J—Nontaxable sick pay (information only, not included in box 1, 3, or 5) of traditional IRA contributions you may deduct. See Pub. 590-A.
K—20% excise tax on excess golden parachute payments. See the Form 1040 instructions. Box 14. Employers may use this box to report information such as state disability
L—Substantiated employee business expense reimbursements (nontaxable) insurance taxes withheld, union dues, uniform payments, health insurance premiums
M—Uncollected social security or RRTA tax on taxable cost of group-term life insurance deducted, nontaxable income, educational assistance payments, or a member of the
over $50,000 (former employees only). See the Form 1040 instructions. clergy’s parsonage allowance and utilities. Railroad employers use this box to report
N—Uncollected Medicare tax on taxable cost of group-term life insurance over $50,000 railroad retirement (RRTA) compensation, Tier 1 tax, Tier 2 tax, Medicare tax, and
(former employees only). See the Form 1040 instructions. Additional Medicare Tax. Include tips reported by the employee to the employer in
P—Excludable moving expense reimbursements paid directly to a member of the U.S. railroad retirement (RRTA) compensation.
Armed Forces (not included in box 1, 3, or 5) Note: Keep Copy C of Form W-2 for at least 3 years after the due date for filing your
Q—Nontaxable combat pay. See the Form 1040 instructions for details on reporting this income tax return. However, to help protect your social security benefits, keep Copy
amount. C until you begin receiving social security benefits, just in case there is a question about
your work record and/or earnings in a particular year.

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