The W2 Form, or Wage and Tax Statement, is a crucial document that shows how much an employee earned in a year and how much tax was taken out of their paycheck. Our system can pull structured data from W2 forms whether they are PDFs or scanned images.
We can extract these main parts:
- Employee name and Social Security Number
- Employer name, address, and Employer Identification Number (EIN)
- Wages, tips, and other pay
- Federal income tax withheld
- Social security wages and tax withheld
- Medicare wages and tax withheld
- State and local income tax info
- Tax year
This is really helpful for:
- Processing and checking payroll
- Preparing and filing taxes
- Keeping employee records
- Auditing and making sure rules are followed
By pulling data from W2 forms, you can make tax preparation easier, ensure accurate reporting to tax authorities, and easily add employee wage info to various HR and financial systems.