How to get a W2 form from Target?
What Is Form W-2?
The Form W-2, Wage and Tax Statement, is a crucial document that reflects the income you earned and the taxes withheld by your employer during the prior year. It provides detailed information about your wages, tips, and other compensation, as well as the taxes withheld for federal income tax, Social Security (FICA), and Medicare.
Employers use W-2s to report employee income and tax information to the Internal Revenue Service (IRS). This form is essential for both employees and the government in the tax filing process. Individuals use the information on the W-2 to prepare their income tax returns, ensuring that they accurately report their income and claim any eligible deductions or credits.
The IRS uses W-2 forms to track individuals’ tax obligations, verify the accuracy of tax returns, and identify any discrepancies or potential tax evasion. It serves as a means for the government to monitor and enforce tax compliance. Employers must provide W-2 forms to their employees by January 31st of each year, allowing individuals sufficient time to prepare and file their income tax returns before the April tax deadline.
When Does Target Issues Form W-2?
Target strives to get your W-2 form to you as soon as possible:
- By January 31st of each year: This is the standard deadline for employers to issue W-2s. Target aims to have them all mailed out by this date.
- Even earlier if you opt for electronic delivery: Target offers the option to receive your W-2 electronically through Paperless Employee. If you choose this option, you’ll receive an email with instructions on how to access your W-2 once it’s available, often before the January 31st deadline.
Electronic W-2s
To obtain your W-2 form from Target, follow these steps based on your current employment status:
- For Active Team Members:
- Access your W-2 on Paperless Employee through Workday.
- Navigate to Workday (https://wd5.myworkday.com/target) > Pay App > Tax Forms (W-4, W-2).
- Look for the section related to tax forms, and you should find your W-2 information there.
- For Former Team Members:
- Visit the website https://www.paperlessemployee.com/target.
- If it’s your first time logging in, you will need to create an account.
- Provide your team member number, date of birth, and social security number during the account creation process.
- Follow the on-screen instructions to complete the account setup.
- Once logged in, navigate to the section where tax forms are available.
- Locate and access your W-2 for the relevant tax year.
Keep in mind that if you opt to receive your W-2 electronically, you will receive an email with instructions for accessing your W-2 once it becomes available in January. Be sure to check your email around that time for instructions on how to retrieve your electronic W-2.
Paper W-2s
If you did not opt-in to receive your W-2 electronically from Target, here’s how you can obtain it through the mail:
- For Active Team Members:
- Active Store or Supply Chain Team Members:
- Your W-2 will be mailed to your work location.
- It will be distributed by your HR team at the workplace.
- Active HQ and R/G/D Team Members:
- Your W-2 will be mailed to your home address listed in Workday.
- Active Store or Supply Chain Team Members:
- For Former Team Members:
- Your W-2 will be mailed to your home address listed in Workday.
Remember, the W-2 forms will be mailed by January 31. If you have not received it by then, it’s advisable to contact Target’s human resources or payroll department for assistance. They should be able to provide information on the status of your W-2 and address any concerns you may have.
What If Target Cannot Give W-2?
If access to your Form W-2 from Target proves challenging, there are three available recourse avenues. The initial two options align with the previously discussed methods. Primarily, you may formally request your W-2 through a written application.
If this approach proves unfruitful, it is advisable to liaise with the payroll department to seek clarification on the status of your Form W-2. If, however, the document remains elusive as the filing deadline approaches, a third alternative presents itself.
The third option involves the submission of Form 4852, facilitating an automatic extension for the filing deadline. This extension grants an additional six months to complete the filing of your tax return, affording ample time to secure your Form W-2. It is recommended to utilize this extension judiciously to ensure accurate and timely submission of your tax documents.