How Do Taxes Work For W-2 Employees?

Beginning with 2020, the Federal Withholding Form W-4 is significantly different from prior versions. It’s recommended that you download and review the form, instructions, and worksheets prior to completing your W-4. The IRS recommends that you complete a new Form W-4 when your personal or financial situation changes. 

Download a blank copy of Form W-4

As a Swing employee, Swing will process payroll taxes on your behalf. This means:

1. You will receive your W-2 from Swing no later than January 31 of the following year, as required by law. You can access any previous year's W-2 tax form by going to Myself > Pay > Pay statements. 


2. During onboarding you will fill out a W-4 form. This is where you will enter your withholdings and exemptions. Please make sure you fill it out correctly, as Swing will not make updates on your behalf. If you notice an error, please submit a corrected W-4 in your account.

You can submit a new W-4 by going to Myself => Pay => tax withholdings. 


3. Please ensure you are completing both the state and federal forms. If you do not complete them, ADP will process your taxes at the default rate. 


Example of what it looks like in ADP; the D-4 will show your appropriate state. 


Swing Corporate employees, cannot offer tax advice, please reach out to your tax professional with questions. 

4. Your paychecks will be your net pay, with all taxable withholdings withdrawn and sent to the IRS on your behalf.