Finance & Banking

W-2

ˌdʌblju ˈtuː

noun

What does W-2 mean?

The annual wage form employers send for taxes.

Example sentence

"W-2s arrive by the end of January."

American usage tip

You need it to file your tax return.

Related Finance & Banking words

Brokerage
An account for buying stocks and funds.
APR
Annual Percentage Rate — yearly loan/credit cost.
Annual fee
The yearly cost of holding a credit card.
ITIN
Tax ID for those not eligible for an SSN.
Index fund
A fund tracking a whole market index.
Tax return
The annual filing of your income taxes.
Wire transfer
A fast bank-to-bank money transfer.
Checking account
The everyday account for spending and bills.

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