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Dutchess_III's avatar

Can you use your last paycheck of the year to file your income taxes in lieu of a W2?

Asked by Dutchess_III (46811points) January 5th, 2017

As asked. My daughter was told by someone at work that we can. Thought I’d check with the experts.

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17 Answers

elbanditoroso's avatar

Usually not. It depends on how detailed the paycheck stub is and if you have factors like:

- pretax (flex) accounts for various reasons
– 401K contributions

Put it this way – the numbers will be fairly close, but not the same as a W2. I would wait.

JLeslie's avatar

I wouldn’t. Why does she want to do that?

Response moderated (Obscene)
Dutchess_III's avatar

So she can file NOW.

Go stand in a corner with your nose to the wall @Naughtygal. 10 minutes.

Response moderated (Obscene)
jca's avatar

Your daughter will receive the tax documents from her employer by law by the end of January, which is a bit more than 3 weeks away. She is desperate for money now?

Also, let’s not encourage the child.

Response moderated (Obscene)
Response moderated
Dutchess_III's avatar

I think it’s just something she heard, and wanted to verify. But yeah, she’s desperate for the money.

Response moderated (Obscene)
Response moderated (Obscene)
Dutchess_III's avatar

Also, if she could file now she’d miss the crush and get her refund really, really quickly.

jca's avatar

@Dutchess_III: Maybe not. IRS might not have the staff until after last day of January. Someone in my family is a CPA, and he’s on vacation right now. He knows from decades of doing accounting that the busy season is Feb-April. January is still nirvana time.

Dutchess_III's avatar

OK. If you say so.

Tropical_Willie's avatar

Wait for W2 that is what the IRS is using.

@Naughtygal has left the building ! !

Dutchess_III's avatar

I told her I was going to destroy her!

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