Tax Forms

How does the W-2 form work and what are the best choices to make on it in order to get the most money in the long run?


Top Answer
User Avatar
Wiki User
2009-12-10 00:40:46
2009-12-10 00:40:46

Form W-2 is Wage and Tax Statement. It's often confused with Form W-4 Employee's Withholding Allowance Certificate. You can claim whatever exemptions (personal, dependent) that you're eligible for.

If you're expecting tax credits (child/dependent care expenses, child tax, etc.) or earned income credit to lower or eliminate your tax or to give you a large refund, you can adjust your exemptions. You can claim 0 exemptions if you want more withheld, which usually means you'll receive a larger refund. Your employer calculates withholding based upon your W-4 form.

For more information, go to to view/print Publication 919 (How Do I Adjust My Tax Withholding?).

User Avatar

Related Questions

it can be but it is probably not one of your best choices.

When you choose something, you make a commitment on yourself to stick to what you chose, in order to be a person who respects his own word, and his own choices. Your choices sure affect your life, they form your present and future, they form your relationship with others, and they affect your way of life

The best form of money would be cash itself. Some people prefer not to carry cash on them in fear of being robbed, so they carry an interact debit card or credit cards which are also forms of money.

Normal interval, close interval, and double intervalWhen forming a squad, there are three interval choices that can be chosen. Arm's length is one of the choices.

The oldest form of money is cattle

Spains form of money is the euro

A form of money is called a currency.

If it was a USPS money order then you will need to fill Form 6401 at a Post office and pay a fee of $5.40. After the USPS completes a payment inquiry on the status of the money order, a replacement can be issued. Depending on your circumstances you might also want to file a police report. If the money order is from a private issuer or another government then you will need to contact them to find out their procedure.

You can't. The form must be mailed (snail mail) with a $10 money order (only acceptable form of payment).

USPS Money orders are normally not trackable to traceable, so to find out where a USPS money order is, or if it has been cashed, you need to take your original reciept and stub from the Money order to your local post office and fill out a Money Order Inquiry form, which has a $5.00 charge for processing (since they are normally not able to be tracked) - this process can take up to 2 months, but if the Money Order is found to be Lost and not cashed, the post office can do a reimbursement.

Since cash is probably used to purchase the money order those monies have been given to the place that prints out the money order. However in many cases the person can get a replacement money order. I do not know if refunds are ever done on money orders.I know there is a fairly straightforward way to replace a money order IF you have the receipt stub and the money order has not been cashed. In that case a person can fill out the necessary form(s) (in some cases the information is entered onto the stub itself) and sent in along with any required fees. After that a trace is put onto money order in question and if it has not been used the company should send out a replacement money order within a specified amount of time.It is a good idea to fill out money orders at the first opportunity as it makes it much easier for a person to use a blank money order and present it at a place of their choosing .

Wouldn't they want a money order or cashier's check?

dollars are the form of money in the USA today.

The best way to make money is to start a travel affiliate website. It will not only give best return on investment but also lets you earn extra money in the form of commission from hotels , cars, cruises etc. You can start by investing small money and try your luck for the first time in an online business.

Poetry. As a form of literature, the earliest prose is more recent by many centuries than poetry. Prose is writing with the words in the best order, but poetry is the best words in the best order.

social security # small amount of money perhaps and another form of id

save up l;ots of money and look at the order form and buy

No, calling on Gmail is not free. It can cost you money in the form of Google credits. You have to pay in order to use it.

Money is a form of payment

mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices

There is no such thing like "Best Form of Liposuction". There are many techniques that have advantages and disadvantages! The main criteria in order to choose a liposuction form is your expectations and requirements! There are a few tools that help you locate the best liposuction technique according to your needs - you should probably give them a go!

Money, money and more money for the government.

It's actually illegal to send cash through U.S. mail. But alternative options are a money order, a visa (in the form of a gift card) or a personal check!

Visit a US Postal Service Office and they provide a form. It does have a cost of a few dollars (not sure how much)

the adjective of money is monetary

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.