W2 - Wage and Tax Statement

The definition of mortgage term: Wage and Tax Statement

A tax form provided by an employer to an employee at the end of the tax year. The W2 shows the employee total yearly income, amount of federal and state taxes withheld, the amount of medicare and social security paid as well as other income and deductions that went through the employer's payroll system.


Go back to the Mortgage Terms page to learn more!


Get Started