Tax season can be overwhelming, but at VIP Staffing, we make it easy for you to understand and access your important tax documents. Learn more about your W-2 and 1095-C forms and how they impact your tax filing process.
The W-2 form is an essential document provided by your employer that summarizes your income and tax withholdings for the year. It includes details such as:
Your W-2 form is required when filing your taxes, and it plays a critical role in ensuring that your tax return is accurate. It’s important to review your W-2 carefully to ensure all information is correct, as discrepancies can delay your tax refund or create issues with the IRS.
The 1095-C form is used to report health insurance coverage under the Affordable Care Act (ACA) and is provided to employees by applicable large employers (ALEs). This form outlines:
While you don’t need to submit this form with your tax return, you must retain it for your records. It’s important to confirm your compliance with health coverage requirements and to avoid tax penalties.
Your W-2 form will be mailed to your address, or in some cases, provided electronically via your employer’s portal. You should receive it by January 31st.
The 1095-C form will be sent by your employer or health insurer. It’s typically provided by the end of January, but can also be accessed electronically through your employer’s portal.
If you find any discrepancies in your W-2, contact your employer right away to have the issue corrected. They will provide you with a corrected form, called a W-2C.
If you believe you should have received a 1095-C form and didn’t, reach out to your employer’s HR or benefits department. They can verify whether the form was issued or provide you with the necessary details.
Yes, you’ll need both forms if applicable. The W-2 reports your income and taxes withheld, while the 1095-C confirms your health coverage. Both are important for accurately filing your tax return.
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