Dissecting the W-2 form for taxpayers

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Some people dread getting it in the mail even more than bills ? the W-2 form.

The road map of taxes for an employee, the boxes, deductions and manipulations of the form can often seem daunting or overwhelming. A W-2 form, however, is the official record of the wages paid to an employee and the taxes withheld in a calendar year. This record is prepared by an employer for each employee, and any mistake made in filling out the form could ultimately come back to hurt a worker in one of the most sensitive spots ? the wallet.

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