When do the w2 have to be mailed out
According to the Internal Revenue Service (IRS), employers are required to furnish a Form W-2, Wage and Tax Statement, to their employees by January 31st of each year. This deadline applies to all employers, including those who are required to file a Form 941, Employer's Quarterly Federal Tax Return.
Here are some key deadlines to keep in mind:
- January 31st: Employers must furnish a Form W-2 to their employees by this date.
- February 28th (March 31st if filing electronically): Employers must file Form W-2 with the Social Security Administration (SSA) by this date. If filing electronically, the deadline is March 31st.
- March 31st: Employers must file Form W-3, Transmittal of Wage and Tax Statements, with the SSA by this date. This form summarizes the W-2 information for all employees.
It's essential to note that these deadlines apply to all employers, including those who are required to file a Form 941. If you're unsure about the deadlines or have questions about filing W-2 forms, it's always a good idea to consult with a tax professional or the IRS directly.
Remember, timely filing of W-2 forms is crucial to avoid penalties and ensure compliance with tax laws.