New TaxBandits just got new! Explore the fresh new look, enhanced features, and more.
Check out What’s New!

User-Friendly Features to Easily File W-2 Online

How to E-file Form W-2 Online for 2024 Tax Year with TaxBandits

Form W-2

Select Form W-2 from the dashboard and choose the tax year you want to file for. TaxBandits supports W-2 filing for the current and previous two tax years.

Enter Form W-2 Information

Enter the required information directly into your W-2 form (or) import data in bulk using our CSV template.

Review Form W-2

In addition to the federal filing, ensure you comply with the state filing requirements for each employee.

Transmit your Form W-2 to the SSA/State

Choose how you want to distribute the W-2 copies to your employees – Postal Mailing, Online Access, or BanditComplete.

Deliver Employee Copy (Postal/Online Access)

Review the information you reported and transmit your W-2 forms to both the SSA and the state agencies.

TaxBandits for Every Business

Are you ready to begin e-filing your W-2 Forms? File in minutes with TaxBandits!

How to file Form W-2?

What Information is Required to File Form W-2 Electronically?

  • 1. Employer Details: Name, EIN, Employer Type, and Address
  • 2. Employee Details: Name, SSN, Address, and Contact Information
  • 3. Federal Details: Federal Income and Tax Withheld
  • 4. FICA Details: Social Security and Medicare Taxes Withheld
  • 5. State Details: State Income and Tax Withheld
  • 6. Local Tax Details: Local, City or other Income Tax Withheld
TaxBandits for Every Business  Information required to file Form W2 for 2023

Start your e-filing with TaxBandits today. To know about Form W-2 instructions, click here.

Exclusive Pro Features Designed for Tax Professionals

Streamline tax filing and enhance your workflow with powerful features tailored for tax professionals.

list

BanditCollab (Team Management)

Add unlimited team members to streamline your workflow. Assign your staff roles—Preparer, Approver, and Transmitter—based on their filing responsibilities.

list

BanditConnect (Client Management)

Communicate and securely share files with your clients using BanditConnect. Customize the secure portal to reflect your branding.

list

Custom Reports

Gain insights into staff activities and client filings with detailed reports. Enhance decision-making with in-depth analytics.

Powerful API to Automate Your File W-2 E-filing Process

Our robust API helps you automate your File W-2 filing and distribution process right from your existing systems. You can seamlessly integrate our 1099 API with your software or portal, facilitating automation while minimizing manual tasks and ensuring accuracy.

Learn more

Success Starts with TaxBandits!

The Smart Business Owners Choice

Frequently Asked Questions on Form W-2 Filing

What is Form W-2?

Form W-2 is a wage tax form to report the wages paid to employees and the taxes (social security, income, and Medicare tax) withheld from the employees to the SSA (Social Security Administration). Also, the copy of Form W2 must be furnished to the employees.


When is the due date to File Form W2 Online for the 2024 tax year?

January 31, 2025, is the due date to file Form W2 with the SSA for the 2024 Tax Year. The form should be filed either by E-filing or paper copies. File Form W-2 before the deadline to avoid SSA/IRS penalties.


Is it necessary to File Form W-2 online with the State?

Yes, Depending on your state requirements, you may need to file Form W-2 and other reconciliation forms with your applicable state. You can e-file these forms easily from your TaxBandits account. Check your W2 state filing requirements.


How to correct Form W2?

If you have made any mistakes on your previous Filed Form W-2, then you can use Form W-2c to report the corrections with the IRS/SSA. You can correct incorrect names, social security numbers, employee earnings or tax withholdings. Learn More to know what information can be corrected on Form W2.


What are the penalties for not filing W-2 on time?

Failure to file Form W-2 before the deadline or providing incorrect information might result in IRS penalties. The penalty varies from $60 to $630/form depending on how late the form is filed with the SSA/IRS. Form W-2 Penalties have been changed for the 2024 tax year. Check the table below for the newly updated penalties.

Time limit Minimum Maximum
Filed within 30 days $60/form $630,500 per year ($220,500 for small businesses)
After 30 days and before August 1 $120/form $1,891,500 per year ($630,500 for small businesses)
After August 1 $310/form $3,783,000 per year ($1,261,000 for small businesses)
For intentional disregard of failing to file and incorrect payee statements - $630 per statement
For fraudulent filing - $5000 or more

What is the difference between a W2 form and W4 form?

Form W-2 is utilized for reporting wage information and tax withholding from an employee's paycheck throughout the year. On the other hand, Form W-4 is used at the beginning of employment to collect the employee's tax withholding information. Both forms are typically utilized by employers for tax purposes. Learn more in detail about the Form W-2 Vs Form W-4.


What is the difference between a W2 Form and 1099 Form?

Generally, both forms are used to report income made to workers, but they serve different purposes. Form W-2 is issued to employees and reports their annual wages and the amount of taxes withheld from their paychecks. In contrast, Form 1099 is used to report income to independent contractors and other non-employees. Learn more in detail about the Form W-2 vs Form 1099.


How can I apply the extension for filing Form W2?

The Form W2 extension for filing with the SSA is no longer automatic as of 2016. The only extension possible is for 30 days and it is granted under special circumstances. Apply for this extension by paper filing Form 8809, Application for Extension of Time to File Information Returns. When filing Form 8809 you must provide a detailed explanation for needing an extension and sign under penalties of perjury. Learn More about Form W2 Extensions.

Frequently Asked Questions
TaxBandits for Every Business

Success Starts with TaxBandits

The Smart Business Owners Choice