Edit, Download, and Sign the Summary of W-2 Statements for New York State

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How do I fill this out?

To fill out the form, refer to your federal Form W-2. Ensure each box corresponds correctly to the respective data on your W-2. Follow the specific instructions to provide accurate information.

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How to fill out the Summary of W-2 Statements for New York State?

  1. 1

    Obtain your federal Form W-2 for reference.

  2. 2

    Complete one W-2 Record for each W-2 received.

  3. 3

    Enter the appropriate amounts and codes as shown on the W-2.

  4. 4

    Double-check to ensure accuracy and completeness.

  5. 5

    Submit the completed IT-2 with your tax return.

Who needs the Summary of W-2 Statements for New York State?

  1. 1

    Employees needing to report their income to the state.

  2. 2

    Employers providing W-2 records to their employees.

  3. 3

    Tax preparers assisting clients with New York State tax filings.

  4. 4

    Individuals who received foreign income and did not get a federal W-2.

  5. 5

    Couples filing jointly who need to report both spouses' incomes.

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What are the instructions for submitting this form?

To submit Form IT-2, include it with your New York State income tax return forms. For electronic submissions, follow the NYS Department of Taxation instructions using their e-file options. If mailing, send to the address specified for IT-2 submissions in the tax guide. Always retain copies for your records.

What are the important dates for this form in 2024 and 2025?

Important dates for Form IT-2 related to filing are usually based on the New York State tax deadlines, typically occurring in early April for the previous tax year. For non-residents and those with special circumstances, check specific instructions regarding deadlines. Ensure to stay updated for 2024 and 2025 fiscal year changes.

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What is the purpose of this form?

The purpose of Form IT-2 is to summarize W-2 statements for individuals filing their New York State income tax returns. It enables employees and employers to report earned income and tax withholdings accurately. This form ensures compliance with state tax regulations and provides vital information for tax assessments.

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Tell me about this form and its components and fields line-by-line.

The IT-2 form contains various fields to capture essential tax information from W-2 forms.
fields
  • 1. Box a: Employee's Social Security number.
  • 2. Box 1: Wages, tips, and other compensation.
  • 3. Box 13: Statutory employee and retirement plan information.
  • 4. Box 17: State income tax withheld.
  • 5. Box 18: Local wages, tips, etc.

What happens if I fail to submit this form?

Failing to submit Form IT-2 may result in delayed processing of your tax return. You may also face potential penalties for not providing required information.

  • Tax Penalties: Non-compliance may incur additional fees or penalties.
  • Delayed Refunds: Submitting late could delay your refund.
  • Audit Risks: Missing documents increase the likelihood of an audit.

How do I know when to use this form?

Use this form when filing your New York State income tax return and you have received a W-2 form. It's also necessary for those reporting foreign earned income without a federal W-2.
fields
  • 1. Filing Income Tax: To accurately report W-2 income for state tax.
  • 2. Reporting Foreign Income: Required for foreign earned income documentation.
  • 3. Joint Filing: For couples filing jointly to consolidate income.

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