The W-2 is the form your employer sends to you each January reporting your wages & withholding. The form 1040 is your tax return you file.
Considering this, are tax returns and w2 the same thing?
A tax return is a form (or set of forms) used to report your income from all sources and the tax due on said income; whereas, a W-2 is a form that your employer uses to report wages paid to you. You should include the information from the W-2
Also Know, what is a 1040 tax return? The IRS Form 1040 is one of the official documents that U.S. taxpayers can use to file their annual income tax return. The form is divided into sections where you can report your income and deductions to determine the amount of tax you owe or the refund you can expect to receive.
Similarly, do you need a w2 for a 1040?
Form W2 proves very useful when you file your Form 1040 income tax return. Boxes 2 and 17 tell you how much money was withheld in federal and state income tax, respectively, for the year. The number from box 1, your income, is reported on line 7 of your Form 1040.
Why do I need a 1040 form?
Form 1040 is the standard federal income tax form people use to report their income to the IRS, claim tax deductions and credits, and calculate the amount of their tax refund or tax bill for the year.