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The deadline to mail out W2s is January 31st.
Mailing out W2s by the deadline ensures that employees have enough time to file their taxes before the April 15th deadline and receive any potential refunds as soon as possible.
If your employer misses the January 31st deadline, they may face penalties from the IRS. Additionally, you may experience delays in filing your taxes and receiving your refund.
Yes, you can file your taxes without physically having your W2 in hand. You can use your last pay stub of the year to estimate your income and taxes withheld. However, it is important to still obtain your W2 for accurate filing.
In some cases, employers may offer electronic delivery of W2s, which can be accessed earlier than the physical mailed copy. It is best to check with your employer to see if this option is available.