If you are an employee of Walmart, you should receive a W2 form from Walmart by January 31st of each year. The W2 form will summarize your earnings and tax withholdings for the previous calendar year. If you have any issues accessing your W2 form online, you can contact the WalmartOne Help Desk at 1-800-421-1362 for assistance.
Box 2 of the W2 form reports the total amount of federal income tax that was withheld from your pay during the tax year. This box reflects the amount of money that your employer withheld from your paychecks and paid on your behalf to the federal government as an estimated tax payment.
Box 2 is important because it shows the total amount of federal income tax that was withheld from your pay throughout the year. This information is necessary for filing your tax return because it determines whether you owe additional taxes or are eligible for a refund. If the amount of tax withheld from your pay is greater than the amount of tax you owe, you will be eligible for a tax refund. However, if the amount of tax withheld is less than the amount of tax you owe, you will need to pay the difference when you file your tax return.
The amount that you can get back from your 1040 form depends on several factors, including your total taxable income, the amount of taxes that were withheld from your paychecks throughout the year, and any deductions and credits that you may be eligible for.