Is all the information on your last paystub going to match the info on the w2?

Question

basically I am asking if you have your last paystub of the year and you are e-filing do you need your w2 to file your taxes?

Answer 1

Not necessarily. I work in payroll for a large company. When we close the books for the end of the year, there are a ton of adjustments we have to make which can make an employee's W2 different from the final paycheck stub. It is always safer to wait for your W2 to file your taxes.

Answer 2

Only if the last day of the year is a Saturday, but there is info on the W2 that you need to file your taxes that is not on a paystub. And if you are mailing it, you need to send the paystub anyways. If efile, you need to copy some of the info into the forms when it asks for it.

Answer 3

They often match, but not always. A paid preparer is required to have your W-2 in hand before efiling your return. The companies that say they can file from your last paystub are really preparing your return from the paystub, then you have to bring in your W-2 before they actually file it with the IRS - read the fine print. If they give you your "refund" in the meantime, it's really a high interest short term loan.

Answer 4

It should, but you may need to make some calculations to get the numbers to work out right.

If you had any pre-tax deductions from your paycheck such as retirement fund contributions, health insurance costs, or cafe salary reduction plans you'll have to deduct them from the gross pay on the last pay stub to get the amount that should be in box 1 of your W2. Those amounts SHOULD be on your final pay stub; if they're not you'll have to wait for your W2.

The only time that it's really safe to use your last pay stub to e-file your taxes is if you don't have ANY pre-tax deductions at all. If you get the calculations wrong, the IRS will adjust your refund up or down as appropriate and the processing of your return WILL be delayed -- possibly for several weeks or even months.

Wait the couple of weeks for your W2 if there is any doubt, life will be much easier that way.

Answer 5

In my case there was a difference between my last paystub and my W2. The amount of wages was the same, but for some reason the withholding amount was different.

Answer 6

there are various places that are doing what's called pre-report loans taking the concepts off of your final verify stub. What it incredibly is, is the all and sundry is putting the archives right into a working laptop or computing gadget equipment and it generates an approximate fee which you will get carry of lower back contained in this kind of a refund, besides the shown fact that that's a loan. i might wait until you get carry of your W2's to report with the IRS with the aid of fact then you definately comprehend that they have additionally gained a replica out of your company. in case you establish to flow the pre report course you would be farther forward in view which you all waiting have the EIN. you will nonetheless could wait until you get your W2's to completely report with the IRS.

Answer 7

if should, unless you pay into a retirement and it does not show on your paystub
retirement is Pre Tax and not taxable to you at the present time, it will be when you decide to withdraw it, that is if you pay into the plan.,
An yet I have seen it as far off as $100 to $ 1000 because of Sick Pay or disability pay, which is not taxable.
and legally you cannot file your return at all until you reiceve the W-2 , that is due to the Federal Identification Numbe is not on that pay stub in order to E-file

Answer 8

Should be the same. I figured mine on the last paystub of the year. I just now got W-2's they were all the same. They should be. I don't know why they would be different. But, I know from experience, mine were the same.

Answer 9

Technically it should but you might be best asking that question of an accountant - or try www.allexperts.com