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Level 3
December 24, 2019
Solved

W-2 Tax Year

  • December 24, 2019
  • 2 replies
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Wages that are earned in December 2019 and paid in January 2020 will be taxed in which year?

    Best answer by Critter

    2020 ... it is the year on the check that sets the tax year not when you earn it. 

    2 replies

    Critter
    CritterAnswer
    Level 15
    December 24, 2019

    2020 ... it is the year on the check that sets the tax year not when you earn it. 

    Alumni - Champ
    December 24, 2019

    On your 2019 return you'll be taxed on the wages shown on your 2019 W-2.  Ask your employer's payroll department if your year-end wages are going to be reported on your 2019, or your 2020 W-2.

     

    By the way, your question illustrates why no one should prepare their tax return on the basis of their year-end check stubs.  Always wait for the W-2.

    **Answers are correct to the best of my ability but do not constitute tax or legal advice.