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Choose the Type of Form W-2 for 2024 Tax year to E-file with the SSA

Form W-2

Wage and Tax Statement

Learn More Form W-2

Form W-2PR

W-2PR Wage and Tax Statement

Learn More Form W-2PR

Form W-2 State Filing

State Filing with all the 51 States

Form W-2c

Form W-2 Correction

How to File Form W-2 Electronically for 2024 Tax Year?

Choose Form 1042-S

Start by selecting Form W-2 from your dashboard. With TaxBandits, you can file this form for both the current and previous tax years.

Enter 1042-S Form Information

Select “Manual entry” or “Bulk Upload” option and Enter the required information on Form W-2.

Review and Transmit 1042-S

You can opt for state filing and select how you'd like to send Employee recipient copies. You can choose mailing, online access, or the BanditComplete option, which offers both.

Recipient copy (Postal/Online)

Review the information entered on Form W-2 and make necessary changes if needed.

Recipient copy (Postal/Online)

After reviewing the form, transmit the completed Form W-2 to the IRS/SSA and State.

TaxBandits for Every Business

Are you ready to File Form W-2 Online? E-File in minutes with TaxBandits!

How to file Form W-2?

TaxBandits for Every Business

Helpful E-filing Features Built into our Cloud-Based Form W2 Software

Exclusive Pro Features Designed for Tax Professionals

Streamline tax filing and enhance your workflow with powerful features tailored for tax professionals.

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BanditConnect (Client management)

With BanditConnect, stay connected and engaged with clients through a secure, branded portal. Easily exchange data, share documents, and create a seamless experience that simplifies the entire tax compliance process for your clients.

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BanditCollab (Team Management)

With BanditCollab, you can securely invite team members to manage filings with their own credentials. Assign roles—preparer, approver, or transmitter for efficient task delegation and streamlined workflow, ensuring secure tax filing throughout the process.

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Custom Reports

TaxBandits offers custom reports to keep you updated on tax filings. These reports optimize processes, understand client behaviors, make strategic decisions, ensure compliance, and improve the tax filing process.

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Frequently Asked Questions

What is a Form W-2?

Form W2 is the Wage and Tax Statement. This form must be filed with the Social Security Administration each year by employers to report the annual wages and taxes withheld from their employee’s paychecks. The information reported on Form W-2 includes wages and compensation paid to the employee, the amount of federal and FICA taxes withheld from the employee's paycheck, and other additional benefits offered to the employee.


What's New to Form W2 for the 2024 tax year?

The IRS has made a few changes to Form W-2 for the 2024 tax year. These changes are listed below:

  • For the 2024 tax year, the social security wage limit has been increased from $160,200 to $168,600.
  • The penalty rate for Form W-2 has been increased due to an adjustment for inflation.

Click here for more detailed information about the latest Form W-2 updates.


Who must file Form W-2?

Any business that pays wages to employees and withholds taxes from their paychecks is responsible for filing Form W-2 with the SSA. They are also required to distribute a copy to their employee.


Do Form W-2 need to be filed with the State?

The state filing requirements for Form W-2 vary depending on the state. Some states mandate filing of Form W-2 to report state withholding information, while others have no state filing requirements. It is very important that employers check their state filing requirements for Form W-2.

To learn more about state filing requirements, visit: https://www.taxbandits.com/state-filing-requirements/


What information is required on Form W-2?

According to the IRS Form W-2 instructions, the following information is required to Complete
Form W-2:

  • Employer Information: EIN, Employer’s Name, Address, and ZIP code.
  • Employee Information: SSN, Employee's Name, Address, and ZIP code.
  • Information about the wages and tips that you have paid your employees throughout the year.
  • Information about the taxes that you withheld from your employee's wages or tips this year.
  • For state filing, you will need your state ID and locality name.

For more information on filling out Form W-2, Click here.


What are the Form W-2 Copies?

There are multiple copies of IRS Form W-2, and each of them has its own different reporting purpose.

  • Copy A - This should be filed with SSA (Social Security Administration).

  • Copy 1 - This should be filed with the city, state, or local municipality if required.

  • Copy B - This should be filed with the employee’s federal taxes.

  • Copy C - This is for the employee’s records

  • Copy 2 - This should be filed with the employee’s state taxes if required.

  • Copy D - This is for the employer’s records.


What is the threshold for e-filing Form W-2?

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The current e-filing threshold for businesses is 10 forms. This means any business filing more than 10 W-2s must file them electronically with the SSA.

E-filing is more convenient than paper filing, it not only reduces errors, but the filing process is simpler.

Looking for an e-file provider to simplify your Form W-2? TaxBandits has your solution, we are an IRS-authorized e-file provider that supports e-filing with the SSA and state, as well as options for distributing employee copies.

E-file your Forms W-2 with TaxBandits today to remain compliant with the IRS.


What is a Form W-2c?

The Form W-2c is also called the Corrected Wage and Tax Statements Form, used to correct or amend a Form W-2.

Form W-2c should be filed with the SSA to amend errors on an original Form W-2. The employee’s name, SSN, Tax Year, EIN, and errors in reported wages or taxes withheld can be corrected by filing Form W-2c.


What is a Form W-3c?

A Form W-3c is a transmittal form that summarizes the corrected information found in Form W-2c.

Form W-3c is only required when Form W-2c is paper filed with the SSA. If you are e-filing this correction form, you are not required to submit Form W-3c.


Can you file an extension for Form W-2?

Extensions for Form W-2 are not automatic. If you are filing an extension for W-2s, then you must paper-file the Extension Form 8809 and provide a detailed reason for needing the extension. The SSA will only grant a 30-day extension under extraordinary circumstances, such as a catastrophic event. The 30-day extension does not apply to your recipient copies.


What are the penalties for not filing Form W-2?

Failing to file Form W-2 before the deadline or providing incorrect information can result in IRS penalties. The penalty rates vary from $60 to $660 per form based on the business size and the time when the Form W-2 was submitted to the IRS. Click here to view the IRS penalties for Form W-2

File your W2 forms securely and accurately with the SSA and State. You can opt-in to postal mailing services from TaxBandits to complete your employee copy requirements. Get Started with TaxBandits

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