W2 Release Dates for 2024 and 2025: What You Need to Know

As the new year approaches, many individuals are eager to receive their W2 forms, which are essential for filing their tax returns. The W2 form, also known as the Wage and Tax Statement, provides a detailed breakdown of an employee's income and taxes withheld for the year. In this article, we will discuss when W2s are expected to come out in 2024 and 2025, as well as provide an overview of the national tax reporting process.

When Do W2s Come Out in 2024?

The Internal Revenue Service (IRS) requires employers to distribute W2 forms to their employees by January 31st of each year. This deadline applies to both paper and electronic W2 forms. For the 2024 tax year, employees can expect to receive their W2 forms by January 31, 2024. However, some employers may provide W2 forms earlier, so it's essential to check with your employer for their specific distribution schedule.

When Do W2s Come Out in 2025?

Similarly, for the 2025 tax year, W2 forms are expected to be distributed by January 31, 2025. As with the previous year, employers may provide W2 forms earlier, so it's crucial to stay in touch with your employer for updates on their W2 distribution schedule.

National Tax Reporting Process

The national tax reporting process involves several key steps: Employer Reporting: Employers are required to report employee income and taxes withheld to the IRS using Form W2. Employee Receipt: Employees receive their W2 forms, which provide a detailed breakdown of their income and taxes withheld. Tax Filing: Employees use their W2 forms to file their tax returns, either electronically or by mail. IRS Processing: The IRS processes tax returns, reviews W2 forms, and issues refunds or notifies taxpayers of any discrepancies.

What to Do If You Don't Receive Your W2

If you don't receive your W2 form by the expected date, there are several steps you can take: Contact Your Employer: Reach out to your employer's HR or payroll department to inquire about the status of your W2 form. File Form 4852: If you're unable to obtain a W2 form, you can file Form 4852, which is a substitute for the W2 form. Contact the IRS: If you're still having issues, you can contact the IRS directly for assistance. In conclusion, W2 forms for the 2024 and 2025 tax years are expected to be distributed by January 31st of each year. It's essential to stay in touch with your employer and understand the national tax reporting process to ensure a smooth tax filing experience. If you have any questions or concerns, don't hesitate to reach out to your employer or the IRS for assistance.

By following these guidelines and staying informed, you'll be well-prepared to receive your W2 form and file your tax return on time.

Key Takeaways:

• W2 forms for 2024 are expected to be distributed by January 31, 2024.
• W2 forms for 2025 are expected to be distributed by January 31, 2025.
• The national tax reporting process involves employer reporting, employee receipt, tax filing, and IRS processing.
• If you don't receive your W2 form, contact your employer, file Form 4852, or contact the IRS for assistance.

Note: The information provided in this article is subject to change, and it's always best to consult with a tax professional or the IRS for the most up-to-date information.