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Albuquerque New Mexico online Form W-2gu: What You Should Know

Social Security Administration Publication No. 42-007 EFW2, Social Security Employment Tax Withholding Statement (Form W-2) IRS Web Portal Online services are available through the IRS Web Portal. The Federal Unemployment Trust Fund Tax Act (FTA) was enacted in 1962 to provide income and withholding taxes only to people in the United States who do not claim social security benefits. FTA is responsible for paying the employer and employee withholding tax on compensation that is distributed from payroll centers to employees. Employees do not have to pay federal income taxes on compensation from these payroll centers. It's important to note that FTA taxes only income that has been earned by the employee. FTA does not pay income taxes, interest or dividend taxes. Some workers make a social security contribution for certain benefits and the contributions are not subject to FTA taxes. Social security contributions and wage contributions may be reported on the “social security tax return” on page 18 of the U.S. Department of Treasury Form 1040. State of New Mexico Unemployment Tax In addition to filing income taxes online, you can also file a state unemployment tax return one file.

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