As a former employee, retrieving your W-2 from Fidelity is an essential step for your tax filing process. This article will guide you through the steps to obtain your W-2 from Fidelity, explain the importance of the W-2 form, and provide valuable tips to ensure you have all the necessary information.
Key Takeaways:
- Understanding the W-2 form and its importance.
- Benefits of having a W-2 form for tax filing.
- Reasons why former employees need their W-2 forms.
- Brief overview of Fidelity and its services.
- Step-by-step guide to obtaining your W-2 from Fidelity.
What is a W-2 Form?
The W-2 form, also known as the Wage and Tax Statement, is a document that employers must provide to their employees at the end of each year. It contains essential information about your earnings, taxes withheld, and other deductions for the year. This form is crucial for accurately filing your federal and state income tax returns.
Benefits of the W-2 Form
Having your W-2 form is vital for several reasons:
- Accurate Tax Filing: The W-2 form ensures that you report your income correctly and pay the appropriate amount of taxes.
- Tax Refunds: If you have overpaid your taxes, the W-2 form helps you claim a refund.
- Verification of Income: The W-2 serves as proof of income for loan applications, rental agreements, and other financial transactions.
- Avoiding Penalties: Accurate reporting of your income prevents penalties from the IRS for underreporting your earnings.
Why Former Employees Need Their W-2?
Former employees need their W-2 forms to:
- File Taxes: Even if you no longer work for the company, you must report all income earned during the tax year.
- Claim Refunds: If you had taxes withheld from your paycheck, you might be eligible for a refund.
- Maintain Financial Records: Keeping a record of your income and taxes paid is essential for personal financial management.
About Fidelity
Fidelity Investments, commonly known as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts. Founded in 1946, Fidelity provides a wide range of financial products and services, including investment management, retirement planning, and brokerage services. The company is known for its robust online platform, offering various tools and resources for individual investors and institutions.
Steps to Retrieve Your W-2 from Fidelity as a Former Employee
Follow these steps to obtain your W-2 form from Fidelity:
1. Access Fidelity’s Website
Go to Fidelity’s official website at fidelity.com.
2. Log In to Your Account
Use your Fidelity account credentials to log in. If you have forgotten your username or password, follow the prompts to reset them.
3. Navigate to Tax Forms
Once logged in, look for a section related to tax forms or tax documents. This section is usually under the “Accounts” or “Statements” menu.
4. Select the Correct Year
Choose the tax year for which you need the W-2 form. Ensure you select the correct year to avoid any discrepancies.
5. View and Download
After selecting the year, you should be able to view and download your W-2 form. Save a copy for your records and print it out if needed for tax filing.
Additional Tips
- Check the Timing: W-2 forms are typically available by the end of January or early February following the tax year. Be patient and check back if you don’t see it immediately.
- Contact Fidelity Support: If you encounter issues accessing your W-2 online, contact Fidelity’s customer support for assistance. They can guide you through the process or provide alternative solutions.
- Paperless Options: Many companies, including Fidelity, offer paperless options. Ensure your account settings are configured to receive tax documents electronically to avoid delays.
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FAQs
What if I can’t remember my Fidelity login credentials?
Use the “Forgot Username” or “Forgot Password” options on the Fidelity login page to reset your credentials. Follow the prompts to regain access to your account.
Can I get a paper copy of my W-2 from Fidelity?
Yes, if you prefer a paper copy, you can request one through Fidelity’s customer support. However, electronic copies are usually quicker and more convenient.
What should I do if the information on my W-2 is incorrect?
Contact Fidelity’s payroll department or customer support immediately to correct any errors on your W-2 form.
Is there a deadline for obtaining my W-2 form?
Employers are required to provide W-2 forms by January 31st. Make sure to check for your W-2 shortly after this date.
Can I access my W-2 form if I no longer have an active account with Fidelity?
Yes, former employees can still access their W-2 forms through Fidelity’s website. Contact customer support if you face any difficulties.
What if I worked for Fidelity for only part of the year?
You will still receive a W-2 form for the period you were employed. Make sure to include this income in your tax return.
Can I download my W-2 form using the Fidelity mobile app?
Yes, you can access and download your W-2 form using the Fidelity mobile app. Follow the same steps as on the website.
By following these steps and tips, you can easily retrieve your W-2 form from Fidelity as a former employee. Ensuring you have all the necessary documents will help you file your taxes accurately and on time.