W2 tax statement- what to do with it

[Oulupair 0]

Hubby just received his 2005 W2 tax statement and I've forgotten what to do with tax matters here in the U.S. I did a google search but rather than sort through all of the mumbo jumbo and just get a clear answer to my question, I thought I'd ask on here.

So is the W2 statement for Federal taxes (IRS)? Is this the statement that we use to file Fed. taxes by that notorious April deadline?

The statement contains several different copies and a couple of them say "this copy for state, local, or city income tax return" but where we live there are no local or state income taxes, so I guess we just ignore that part?

Thanks for any advice!

[raymaga 25]

You can ignore the state and local income tax parts.

Just do a Federal IRS income tax return.

[lucyrich 20]

Yep, the W-2 is a statement from your employer to you telling how much money you earned and how much of the various types of taxes were withheld. You'll need it for filing your taxes. And yes, they need to be filed by the infamous April deadline. And if you live in an area with no state/local taxes, you may ignore the copy for state/local filing. You'll note that all copies contain the same information, the labelling of sections for federal filing and for state/local filing is basically a convenience. Some unfortunate people need to make a photocopy of the state/local section because they need to send one copy in with their state tax return and another in with their local tax return.

This is fairly basic tax preparation information. If you're having questions at this level, I'd recommend having a professional walk you through this year's taxes. You might want to take the opportunity to educate yourself and get a head start on next year's taxes, though. There are a number of tax preparation books available in bookstores, as well as software that helps guide you through the steps. But a human preparer can be more helpful than books or software at getting quick answers to the basic questions.

[kc456 0]

I've filed with TurboTax for years, and I would recommend it. I use TurboTax for the web, which is pretty convenient. It walks you through all the steps, so you don't have to rack your brains trying to understand the instructions.