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W-2 Tax Year

Wages that are earned in December 2019 and paid in January 2020 will be taxed in which year?

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W-2 Tax Year

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

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2 Replies

W-2 Tax Year

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

W-2 Tax Year

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.

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