The Internal Revenue Service makes it mandatory for all
employers to report the salary data of employees through a tax form which is
also known W-2 form. Basically, the W-2 form makes a note of the state-federal
or other taxes that have been suppressed from your monthly salary. The
information mentioned on the W-2 form is essential while preparing your tax
returns. Here, in this article, we will discuss how to import or enter W-2 in TurboTax.
Requirements for W-2 import in
TurboTax
Here are some important things you have to keep in mind
before your import your W-2 info directly from your employer: -
·
Use the EIN of your employer to confirm that the
company or organization is a TurboTax Import Partner.
·
Your employer should have the W-2 ready for
import before the deadline for the filing date.
·
TurboTax need the correct amount from Box 1 in
your W-2.
·
Users are allowed to use the YTD gross income
from their year-end pay stub.
·
Many times, TurboTax will also need the Box d
Control Number from the W-2 form.
Simple steps to Import your W-2 data
on TurboTax
·
First of all, sign in to TurboTax account and
open your tax return.
·
Then, type W-2 in the search bar at the top of
the page and open the search results.
·
Now, choose the option that allows you to work
on your W-2 and proceed.
·
Now, in case you have an older W-2 form, then
you can click the button to add a new one.
·
Next, type in the Employer Identification Number
(EIN) given in Box b.
·
At last, your W-2 form can be imported
automatically you just have to enter the required identification information to
complete the import.
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