Which form details earned wages, together with required and optional deductions

W-2 Form

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W-2 What kinds of deductions are required to be taken from earnings? Look at your pay stub...it identifies each thing withheld from your gross pay. Not all are income taxes...some may be contributions to insurance, etc., others things like unemployment or workers comp. Speak to your payroll provider if you have a question why you may be subject to that type of withholding. Virtually anything withheld that you aren't liable for paying upon filing of your returns is refundable. Remeber, your paymaster has absolutely no reason to withhold anything they don't have to. They have no interest or claim in the money. All doing so means to them (or your company) is more work, more audit exposure, more accounting, form filing, mailing, answering dumb questions, etc. all under deadlines that if they don't do quickly and on time, mean they get generally, mandatory penalties.

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