W-2 OCR API
for Real-Time
Data Extraction

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Veryfi OCR API extracts, categorizes and enriches all the detail from unstructured W-2 tax documents at scale; without the use of traditional limitations like templates or humans-in-the-loop.

How It Works

What is W-2 OCR

Form W-2 (officially, the “Wage and Tax Statement”) is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. An employer must mail out the Form W-2 to employees on or before January 31.

Form W-2, or ‘Wage and Tax Statement’ is the form an employer generates after the calendar year is over. The form summarizes the different categories of compensation the employee received during the year. All amounts paid are included in the W-2, including non-cash payments and taxes, paid by the employer on behalf of the employee to Federal and local Governments, along with every mandatory insurance deduction the employer paid, such as Social Security or Medicare.

If you want to extract the data from this form then you either have to do it manually costing you up to 30 minutes per W-2 or use an API like that provided by Veryfi to extract all the fields and their values from a W-2 in seconds. Learn more

`Ready to Go` out of the box!

Pre-Trained Machine Model · No Templates · 100% AI

Why Veryfi

Level 3 Data Extraction

Line item level detail inc billing information enables Level 3 Data Processing reduces payment processor fees.

Instant Time to Value

Ready to Go out of the box — No training or data required.

Data Privacy & Compliance

SOC2 Type 2, GDPR (EU), HIPAA (Healthcare), CCPA (California)

Fastest on the Market

Real-time. No waiting for invoice processing. Get instant results, build new modern tools to inspire your customers.

No Templates or Regex

Veryfi API is 100% Artificial Intelligence using Machine Models from millions of invoices to instantly recognize context in new & existing invoices.

Mobile Data Capture

Veryfi Lens; a Native Camera Technology for iOS and Android.

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Have Questions? Email us at sales@veryfi.com

Wealth of Data Extracted in Seconds

- Box a: Employee Social Security Number (SSN).
- Box b: Employer Identification Number (EIN).
- Box c: Employer name, address, and zip code.
- Box e: Employee name.
- Box f: Employee mailing address.
- Box 1: Wages, tips, and other compensation — Total calendar year taxable wages, tips, and other compensation paid to the employee.
- Box 2: Federal Income Tax Withheld — Total calendar year federal income tax withheld from employee wages.
- Box 3: Social Security Wages — Total calendar year employee wages subject to employee social security tax, not including social security tips.
- Box 4: Social Security Tax Withheld — Total calendar year employee social security tax withheld, including social security tax on tips.
- Box 5: Medicare Wages and Tips — Total calendar year employee wages and tips subject to Medicare tax.
- Box 6: Medicare Tax Withheld — Total calendar year employee Medicare tax withheld.
- Box 7: Social Security Tips — Total calendar year employee tips reported.
- Box 10: Dependent care benefits — Total dependent care benefits that your employer paid to you or incurred on your behalf (including amounts from a section 125 (cafeteria) plan). Any amount over $5,000 is also included in box 1.
- Box 11: Nonqualified plans — This amount is reported in box 1 if it is a distribution made to you from a nonqualified deferred compensation or nongovernmental section 457(b) plan.
- Box 12:
- D—Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement.
- E—Elective deferrals under a section 403(b) salary reduction agreement.
- G—Elective deferrals and employer contributions (including nonelective deferrals) to a section 457(b) deferred compensation plan.
- W—Employer contributions (including amounts the employee elected to contribute using a section 125 (cafeteria) plan) to your health savings account.
- AA—Designated Roth contributions under a section 401(k) plan.
- BB—Designated Roth contributions under a section 403(b) plan.
- DD—Cost of employer-sponsored health coverage. The amount reported with Code DD is not taxable.
- EE—Designated Roth contributions under a governmental section 457(b) plan.
- Box 13: If the “Retirement plan” box is checked, special limits may apply to the amount of traditional IRA contributions you may deduct.
- Box 14: Other — Employers may use this box to report information such as state disability insurance taxes withheld.
- Box 15: State Employer Identification Number.
- Box 16: State, wages, tips, etc. — Total calendar year state taxable wages, tips, and other compensation paid to the employee.

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W-2 OCR APIfor Real-TimeData Extraction