Category: General

No Tax on Tips: What the New Bill Could Mean for Your Taxes

Millions of service industry workers in the U.S. rely on tips for a significant part of their income. This includes bartenders, waitstaff, hairstylists, and hotel attendants. But until now, the IRS has treated those tips just like wages for federal income tax purposes. That could soon change.

In early 2025, the U.S. Senate unanimously passed a groundbreaking piece of legislation known as the “No Tax on Tips Act” (S.129). If signed into law, the bill lets workers deduct up to $25,000 in reported tips from income. This could significantly reduce taxes for those who depend on gratuities.

The bill still needs to pass the House of Representatives before becoming law. Even so, it’s already generating buzz among workers, employers, and tax professionals. What does this mean for your paycheck? How will it affect the tax forms you receive—or the ones you file?

This blog explains what the bill says and who it affects. It also covers how it could change your tax forms. If you work in service or beauty, here’s how your taxes might change in 2025.

What is the “No Tax on Tips” Act?

Lawmakers introduced the “No Tax on Tips Act” to provide tax relief for workers who earn income from tips. It helps those who earn much of their income from customer tips. Senator Ted Cruz introduced the bill, and a bipartisan group of lawmakers backed it. The bill passed the Senate in May 2025 with unanimous support—an increasingly rare feat in Washington.

The goal of the bill is simple: exclude up to $25,000 in cash tips from federal income tax each year. But the exclusion applies only to qualified, reported tips. Workers report these tips to employers, who then include them on tax forms like the W2.

Who Qualifies?

To benefit from the deduction:

• You must receive tips in cash (credit card tips likely count too, as long as you report them).
• You must report those tips to your employer.
• You must work in an occupation where tipping was customary as of December 31, 2023.
• Your total annual compensation must not exceed $160,000 to claim the deduction.

This proposed deduction would be “above the line” on your tax return. You don’t need to itemize to benefit. It would reduce your adjusted gross income (AGI). A lower AGI could help you qualify for credits like the Child Tax Credit or Premium Tax Credit.

Status of the Bill –

As of July 2025:

• The Senate has passed the bill.
• The House of Representatives must still approve it.
• If it becomes law, the change would take effect for tax year 2025, so you’d first see its impact when filing in 2026.

Who Does the Bill Affect?

The “No Tax on Tips” Act directly targets tipped workers—people who rely heavily on customer gratuities for income. This includes a wide range of roles in the hospitality, food service, and personal care industries. If tips make up a meaningful portion of your income and you report them to your employer, this bill could have a direct impact on your taxes.

Professions Likely to Benefit –

Here’s a snapshot of the types of workers who could qualify:

• Restaurant servers and bartenders
• Hotel staff, such as bellhops and room attendants
• Rideshare and delivery drivers
• Casino dealers and gaming service workers
• Hair stylists, barbers, nail techs, and estheticians
• Massage therapists and spa workers
• Valets and parking attendants

Basically, if tipping is customary in your job and you report your tips, this bill directly supports you. One important caveat: the tax deduction applies only if your total annual compensation (including tips, wages, and bonuses) is $160,000 or less in the prior tax year. This income cap helps ensure the benefit targets middle- and lower-income workers who rely on tips as core income, not supplemental earnings.

Tip Reporting is Essential –

To take advantage of the proposed deduction:

• You must accurately report tips to your employer.
• Under current law, the IRS taxes these reported tips and employers include them on Form W2.
• With this bill, those same reported tips could now reduce your taxable income—a strong incentive to report tips honestly and consistently.

Failing to report tips still carries penalties and could disqualify you from receiving the benefit. So while the bill lightens the tax burden, it also reinforces the importance of staying compliant with IRS reporting rules.

What This Means for Your Tax Forms

If the “No Tax on Tips” Act becomes law, it won’t change how your employer reports your income, but it will change how you report and deduct tip income when filing your personal taxes. Knowing which tax forms you need will help you prepare and file accurately.

Form W-2: Employer Reporting

Your employer will still issue a W2, which reports all of your wages—including tips. Here’s how tips typically appear:

• Box 1 – Wages, tips, and other compensation: This includes all reported tips.
• Box 7 – Social Security tips: This box shows tips subject to Social Security tax.

The new bill does not change what goes on your W-2. Employers must still include reported tips, and you must continue to pay Social Security and Medicare (FICA) taxes on them.

However, under the new bill, you’ll be able to subtract up to $25,000 in reported tips from your taxable income on your own tax return—effectively reducing how much income tax you owe.

Form 1040: Where You Claim the Deduction

Your individual tax return, Form 1040, is where the magic happens.

• The deduction for reported tips would be an “above-the-line” deduction, which means:
  • You don’t need to itemize deductions to benefit.
  • It reduces your adjusted gross income (AGI) directly.
  • A lower AGI could also make you eligible for other credits and benefits.

While the IRS hasn’t released updated instructions on how to enter this deduction, it will likely list it under “Adjustments to Income”—possibly with a dedicated worksheet or validation schedule.

Form 4137: For Unreported Tips

If you didn’t report all your tips to your employer, you still need to report them using Form 4137, “Social Security and Medicare Tax on Unreported Tip Income.” This form helps you pay the correct FICA taxes, even if your employer didn’t withhold them.

*Important: The proposed tip deduction only applies to reported tips, so any tips disclosed late on Form 4137 likely wouldn’t qualify for the income tax break.*

How Could This Affect Your Finances?

If passed into law, the “No Tax on Tips” Act could offer real tax savings for service workers by allowing up to $25,000 in reported tips to be deducted from federal taxable income. For example, a worker earning $40,000 in base wages and $15,000 in tips would currently have a taxable income of $55,000. Under the new legislation, that taxable income could be reduced to $40,000—potentially lowering the worker’s overall tax liability. This reduction could not only push someone into a lower tax bracket but also increase eligibility for income-based credits like the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC).

In practical terms, a lower taxable income means the taxpayer might owe less to the IRS at filing time—or receive a larger refund if more tax was withheld than necessary throughout the year. This could provide welcome relief during tax season for workers who depend on refunds to catch up on expenses or make planned purchases.

The bill also changes the incentive structure around tip reporting. In the past, some workers may have hesitated to report all of their tips, fearing higher taxes. Now, there’s a clear benefit to being transparent: each dollar of reported tips—up to $25,000—has the potential to reduce what you owe in taxes. This shift could lead to better compliance with IRS rules and more accurate reporting industry-wide.

However, it’s important to note that the bill only addresses federal income tax—not payroll taxes. You’ll still owe Social Security and Medicare taxes (FICA) on all reported tips, and employers will continue withholding and reporting those amounts on your Form W-2. So while your take-home pay might not immediately increase, your year-end tax burden could decrease significantly, improving your financial picture in the long run.

When Does This Take Effect?

As of July 2025, the “No Tax on Tips” Act has passed the U.S. Senate but still needs to be approved by the House of Representatives and signed by the President before it becomes law. If that happens, the new rules would go into effect for tax year 2025. That means workers would start benefiting from the deduction for tips earned in 2025, and they would claim the deduction when they file their 2025 tax return in 2026.

It’s important for tipped workers to be aware of this timeline so they can start planning ahead. If the bill becomes law, reporting your tips accurately in 2025 will be key to taking advantage of the deduction. Since employers will still report your total tip income on Form W-2, the IRS will use that information to validate any deduction you claim on your Form 1040.

Until the bill is finalized, it’s a good idea to stay informed and maintain detailed records of your reported tips. This way, you’ll be ready to take full advantage of the deduction if the law is enacted—and you’ll remain compliant with current IRS rules in the meantime.

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No Tax on Tips: What the New Bill Could Mean for Your Taxes FAQs

• How will state income taxes treat reported tips if the federal law changes?
  Even if the “No Tax on Tips” Act becomes federal law, most states will continue to tax tip income unless they pass similar legislation. Workers should check with their state’s tax agency to see if any changes are being considered or enacted at the state level.
• Will this deduction apply to undocumented workers who earn tips?
  No. To claim any deduction on a federal tax return, including this one, you must file using a valid Social Security Number or Individual Taxpayer Identification Number (ITIN). The law is intended for workers who report tips to employers and file legal federal tax returns.
• Do cash-only businesses have to do anything differently under this bill?
  No changes are required for how cash-only businesses operate. However, they may see increased pressure to maintain accurate tip reporting systems, since more employees may now want to officially report tips to benefit from the deduction.
• Could the deduction be claimed retroactively for tips earned before 2025?
  No. The bill is structured to take effect starting with the 2025 tax year. That means only tips earned on or after January 1st, 2025, would be eligible for the deduction—assuming the bill becomes law.
• Can this deduction be combined with other work-related deductions?
  Yes. Because it's an above-the-line deduction, it doesn’t interfere with other itemized or standard deductions. You can still claim other deductions you qualify for, such as unreimbursed expenses or educator expenses, depending on your situation.

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How Taxes Appear on Your Paystub (Federal, State, and Local)

Your paystub isn’t just a record of your earnings—it’s a detailed snapshot of how much you’ve paid in taxes so far. If you’ve ever wondered where exactly federal, state, and local taxes show up on your paystub, this guide will walk you through each line item. Using a sample FormPros paystub, we’ll show you how to spot these deductions quickly and understand what they represent.

Federal Income Tax

Federal income tax is one of the most common deductions you’ll see on your paystub. It typically appears under a section labeled “Deductions” or “Taxes”, and may be listed in a variety of ways, including:

• Federal Income Tax
• Fed Tax
• FIT (Federal Income Tax Withholding)

Alongside the label, you’ll generally see two numbers:

• Current Withholding – the amount taken from your most recent paycheck
• Year-To-Date (YTD) – the total amount withheld since the beginning of the year

These amounts reflect how much the IRS has collected through automatic payroll withholding. This “pay-as-you-go” system helps ensure you’re contributing toward your annual tax liability gradually throughout the year.

💡 Tip: The amount withheld depends on your Form W-4 settings, including your filing status, number of dependents, and whether you’ve requested any additional withholding. If the amount looks off, your W-4 may need updating.

FICA Taxes (Social Security and Medicare)

Social Security and Medicare taxes—collectively known as FICA taxes—are federally mandated deductions that help fund government benefit programs. These taxes are typically displayed as separate line items under the “Deductions”, “Taxes”, or “Statutory Deductions” section of your paystub.

You’ll usually see them listed as:

• FICA – Social Security
• FICA – Medicare
• Sometimes simply: Social Security Tax and Medicare Tax

Each line will show:

• The amount withheld for the current pay period
• The YTD (Year-To-Date) total, showing how much has been withheld so far this year

These deductions are automatically calculated based on your earnings. Social Security is typically withheld up to a certain annual wage limit, while Medicare continues regardless of income level (with an additional tax for high earners).

💡 Tip: If you notice these line items missing or miscalculated, it could be a red flag—especially if you’re classified as an employee and not self-employed.

State Income Tax

If you live or work in a state that imposes income tax, you’ll likely see a State Income Tax deduction on your paystub. This appears in the same “Deductions” or “Taxes” section as federal and FICA taxes.

Common label variations include:

• State Income Tax
• STATE TAX
• Abbreviations like CA TAX, NY Withholding, or IL SIT

Like other deductions, it usually includes:

• The current withholding amount
• A YTD (Year-To-Date) total

Each state has its own withholding rules and rates, often based on the information you provide on a state-specific version of Form W-4 (or equivalent). Some states also deduct for disability insurance or other programs, which may appear as separate line items.

💡 Tip: If you work in a state without income tax (like Florida, Texas, or Washington), you won’t see a state income tax deduction on your paystub at all.

Local Taxes

In certain areas, cities, counties, or municipalities may impose their own income taxes in addition to federal and state withholding. If you’re subject to local taxes, they’ll appear as a separate line item under the “Deductions” or “Taxes” section of your paystub—typically beneath federal and state taxes.

Common labels include:

• Local Tax
• City Tax or Municipal Tax
• The name or abbreviation of the locality (e.g., NYC Tax, PHL Wage Tax, SD District Tax)

Like other taxes, you’ll usually see:

• A current withholding amount
• A YTD total

Not all paystubs will include local taxes—these are only present if you live or work in a locality that requires them. If applicable, they may be calculated based on your home address, work location, or both.

💡 Tip: Some local taxes have unusual names or codes, so if you’re unsure what a deduction refers to, ask your payroll provider or employer for clarification.

Final Thoughts

Reading a paystub doesn’t have to feel like decoding a puzzle. Once you know what to look for, the breakdown of federal, state, and local taxes becomes clear—and crucial for keeping your finances in check.

If the example paystub images above looked clean, clear, and easy to understand—you’re in luck. Those are FormPros paystubs, designed to be simple, professional, and fully compliant with payroll standards. Use our paystub generator to create yours today!

Create a Paystub Now

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How Taxes Appear on Your Paystub (Federal, State, and Local) FAQs

• What should I do if my paystub shows incorrect tax withholdings?
  If your paystub shows incorrect tax withholdings, contact your HR or payroll department immediately. They can review and correct the issue. You may also need to update your Form W-4 or state withholding forms to ensure proper deductions moving forward.
• How often should I check my paystub for accuracy?
  It’s a good idea to review your paystub every pay period. Regular checks help you catch errors early—like miscalculated hours, missing deductions, or incorrect tax rates—so they don’t compound over time or affect your year-end tax documents.
• Can I use my paystub for proof of income on a loan or rental application?
  Yes, paystubs are commonly accepted as proof of income by landlords, lenders, and government agencies. Make sure the paystub shows your full name, pay frequency, and recent income. Some may also request multiple recent stubs to verify consistency.
• What is the difference between net pay and gross pay on a paystub?
  Gross pay is your total earnings before any deductions. Net pay, sometimes called "take-home pay," is what remains after taxes and other deductions are subtracted. Your net pay reflects the actual amount deposited into your bank account.
• Are paystub templates different for salaried and hourly employees?
  Yes, paystub templates can vary slightly. Hourly paystubs usually show hours worked and hourly rate, while salaried paystubs list the fixed salary amount. However, tax deductions and benefits info typically appear in a similar structure for both.

How to Get Pay Stubs from Dollar General

Dollar General paystubs are essential tools for managing your personal finances, verifying income, and preparing for tax season. Like all pay stubs, they provide a detailed breakdown of your earnings, deductions, and taxes, making them a vital resource for both everyday budgeting and long-term financial planning.

If you’re a Dollar General (DG) employee, accessing your pay stub is a simple and streamlined process thanks to the DGME Paystub Portal. Whether you’re currently employed or have moved on, Dollar General offers user-friendly resources to ensure you can retrieve your pay stubs quickly and efficiently.

In this blog, we’ll guide you through the steps to access your pay stubs via the DGME Paystub Portal, explore options for both current and former employees, and provide tips for resolving common issues. By the end, you’ll have all the information you need to stay on top of your payroll records with ease.

For Current Dollar General Employees:

Accessing your pay stub as a current Dollar General employee is a straightforward process, thanks to the DGME Paystub Portal. Here’s a detailed guide to help you retrieve and manage your payroll information effectively:

1) Log into the DGME Paystub Portal

The DGME Paystub Portal is the primary tool for Dollar General employees to access payroll information:

• Visit the Portal: Navigate to the official DGME Paystub Portal or the Dollar General employee website.
• Enter Your Credentials: Use your employee ID and password to log in. If you’re logging in for the first time, follow the instructions provided during onboarding to create your account.
• Secure Your Login: Ensure that you’re using a trusted device and secure internet connection to protect your personal information.

*Pro Tip: Bookmark the portal for easy access and save your login details in a secure password manager.*

2) Navigate to the Payroll Section

Once you’re logged in:

• Locate the “Earnings” or “Pay Stub” Section: The dashboard will prominently feature payroll-related options. Look for tabs or links labeled “Earnings,” “Pay Stubs,” or similar.
• View and Select Pay Periods: Pay stubs are organized by pay period, allowing you to select and review details for specific dates.
• Options for Managing Pay Stubs: You can view, download, or print your pay stubs directly from the portal. This ensures you have both digital and physical copies for your records.

*Pro Tip: Check your pay stub regularly to verify accuracy in your earnings and deductions.*

3) Manage Payroll Settings

The DGME Paystub Portal also allows employees to manage certain payroll-related settings:

• Direct Deposit Information: Update or verify your direct deposit details to ensure timely payment to your preferred account.
• Contact Information: Keep your email address and phone number up to date to receive important payroll notifications or alerts.

*Pro Tip: Regularly review your settings, especially after a life change (like moving or changing banks), to avoid disruptions in payment.*

Additional Support

If you encounter any issues while accessing your pay stub, Dollar General provides several support options:

• Reset Login Credentials: If you’ve forgotten your password or employee ID, use the “Forgot Password” option on the portal login page. Follow the prompts to reset your credentials or contact your store manager for assistance.
• Mobile Access: Check if Dollar General offers a mobile app or a mobile-optimized version of the DGME portal for easy on-the-go access to your pay stubs.

*Pro Tip: If you have trouble accessing the portal, try clearing your browser cache or switching to a different web browser before reaching out for support.*

For Former Dollar General Employees:

If you’re no longer employed by Dollar General, you can still access your pay stubs through the resources provided for former employees. Here’s a step-by-step guide to ensure you can retrieve your payroll records easily:

1) Access the DGME Paystub Portal for Alumni

Dollar General offers continued access to its paystub portal for former employees:

• Visit the Alumni Portal: Navigate to the DGME Paystub Portal, which is also used by former employees.
• Log in with Previous Credentials: Use your existing employee ID and password. If you’ve forgotten these details, utilize the portal’s account recovery options to reset your password or retrieve your login information.
• Locate Pay Stub Records: Once logged in, navigate to the section labeled “Earnings” or “Pay Stubs” to view and download records. Pay stubs will remain accessible for a set period after employment, so it’s important to retrieve them promptly.

*Pro Tip: Bookmark the portal link for easy future access to payroll and tax-related documents.*

2) Contact Dollar General Payroll Services

If you encounter difficulties accessing the DGME portal, Dollar General’s payroll and HR departments can assist:

• Reach Out for Help: Contact Dollar General Payroll Services directly for support. They can provide guidance on retrieving pay stubs and other payroll documents.
• Verify Your Identity: Be prepared to provide key information to confirm your identity, such as:
  • Full name
  • Employee ID (if available)
  • Dates of employment
  • Store location
  • The last four digits of your Social Security Number

*Pro Tip: Keep your correspondence with Payroll Services or HR for future reference in case of follow-up questions.*

Important Considerations

Former employees should take a few precautions to ensure they have ongoing access to payroll information:

• Save Pay Stubs Before Transitioning: If you know you’re leaving Dollar General, download and save all relevant pay stubs and other payroll records while you still have regular access.
• Access Tax Forms: Use the DGME portal to retrieve W-2s or other year-end tax documents. These are typically available during tax season and are crucial for filing your taxes.
• Stay Updated: Ensure Dollar General has your most current contact information on file, including an email address, to simplify future communications.

*Pro Tip: If you lose access to online resources, consider contacting the store where you worked. Managers or HR staff may guide you to the correct support channels.*

Closing Thoughts

Pay stubs are a critical tool for managing your finances, preparing for taxes, and verifying your income. Whether you’re a current or former Dollar General employee, having access to these documents is essential for staying organized and ensuring your financial records are complete.

Dollar General provides user-friendly tools like the DGME Paystub Portal, allowing employees to easily retrieve pay stubs and manage payroll-related settings. For former employees, additional resources like payroll services ensure that no one is left without access to their important records.

By following this guide, you can confidently navigate the process of accessing your pay stubs, whether through the DGME portal, mobile app, or by contacting payroll services. Taking these simple steps will save you time and help you stay on top of your financial needs with ease.

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How to Access Walmart Pay Stubs

Whether you’re a current or former Walmart associate, having access to paystubs from Walmart is essential for managing your finances. These documents provide valuable insights into your earnings, deductions, and tax information, making them a critical resource for budgeting, tax preparation, and verifying income.

Thankfully, Walmart offers simple and convenient tools to help both current employees and alumni access their paystubs from Walmart online. However, navigating these systems can sometimes feel overwhelming if you’re unsure where to start.

In this blog, we’ll provide a step-by-step guide to accessing your Walmart pay stubs. From logging into the employee portal to using the alumni site or contacting payroll services, we’ve got you covered with all the information you need to retrieve your documents quickly and efficiently.

For Current Walmart Employees:

If you’re currently employed by Walmart, accessing your pay stub is a quick and straightforward process thanks to the company’s employee-focused tools. Here’s a detailed guide to help you retrieve your pay stub:

1) Log into the WalmartOne or Me@Walmart Portal

To begin, you’ll need to access your pay stub through Walmart’s employee portals or mobile app:

• Access the Portal or App: Walmart employees can use either the WalmartOne website (now integrated into OneWalmart) or the Me@Walmart app. Both platforms are designed to provide easy access to payroll and other employment-related resources.
• Enter Your Login Credentials: Use your Walmart ID (WIN) and password to log in. If you’re logging in for the first time, your HR department can provide instructions to set up your account.
• Secure Your Access: Ensure that you’re using a secure internet connection and keep your login details private.

*Pro Tip: Save the portal link or download the Me@Walmart app to streamline future access.*

2) Navigate to the Payroll Section

Once logged in:

• Locate the Payroll Area: On the dashboard, find the section labeled “Pay,” “Earnings,” or “Payroll.” This is where Walmart organizes all pay-related details.
• Explore Additional Options: Beyond viewing paystubs from Walmart, you can also manage your direct deposit settings, update tax withholding details, or access past payroll records.

*Pro Tip: Familiarize yourself with the portal layout to easily navigate other useful features.*

3) View and Download Your Pay Stub

After reaching the payroll section:

• Select the Desired Pay Period: Pay stubs are sorted by date. Choose the one you need to view detailed information about your earnings and deductions.
• View or Download: You can preview the pay stub directly in the portal or download it as a PDF for secure storage. Many employees prefer to save digital copies or print hard copies for personal records.

*Pro Tip: Set a reminder to download your paystubs from Walmart regularly to maintain an organized financial history.*

Additional Support

If you encounter issues accessing your pay stub, Walmart provides several resources to help:

• Reset Login Credentials: Use the “Forgot Password” option on the login page to recover your account. If additional help is needed, reach out to Walmart’s IT support or your HR department for assistance.
• Mobile Access: The Me@Walmart app allows you to access your pay stubs and other employment details directly from your smartphone. This is especially convenient for associates who don’t have regular access to a computer.

*Pro Tip: Keep your login details updated and ensure your email and contact information are correct to simplify account recovery in case of issues.*

For Former Walmart Employees:

If you’ve left Walmart, accessing your pay stubs is still a manageable process thanks to the resources available for alumni. Whether you need pay stubs for tax purposes, income verification, or personal record-keeping, the steps below will help guide you through the process.

1) Access the Walmart Alumni Portal

Walmart provides an online portal specifically for former employees to access payroll and other employment-related records:

• Visit the Alumni Portal: Navigate to the Walmart alumni site for former employees. You can find it at https://one.walmart.com or another link provided by Walmart HR.
• Log in with Previous Credentials: Use your Walmart Identification Number (WIN) and the password you had while employed. If you no longer remember these details, the portal offers account recovery options, such as resetting your password or retrieving your login credentials.
• Explore Pay Stub Options: Once logged in, locate the section for pay stubs or earnings history. Pay stubs are typically organized by pay period, making it easy to find the document you need.

*Pro Tip: Bookmark the alumni portal for quick access, as you may need to log in periodically for year-end tax documents or other records.*

2) Contact Walmart Payroll Services

If you encounter any issues with the alumni portal or need additional assistance, Walmart’s payroll or HR department can help:

• Reach Out for Support: Contact Walmart Payroll Services or the HR department for further guidance. You can find contact information on the alumni site or through the store where you worked.
• Verify Your Identity: Be prepared to provide information to confirm your identity, such as your full name, previous store location, dates of employment, and the last four digits of your Social Security Number. This ensures that your records are accessed securely.

*Pro Tip: Save any correspondence with HR or payroll for future reference, especially if the process takes time.*

Important Considerations

Former employees should keep a few key points in mind to ensure they can access their pay stubs when needed:

• Save During Transition: If you know you’re leaving Walmart, download and save your pay stubs and other payroll documents while you still have internal access. This minimizes the need for follow-up later.
• Tax Documentation: Use the alumni portal to retrieve important tax forms like W-2s or other year-end summaries. These are typically available during tax season.
• Keep Contact Information Updated: Make sure Walmart has your current email address and phone number on file. This will make account recovery or communication with HR much smoother.

*Pro Tip: If you’ve lost access to online resources, consider visiting the Walmart store where you worked. Managers or HR staff there may be able to guide you toward the right contacts.*

Closing Thoughts

Accessing your Walmart pay stub, whether you’re a current or former employee, is a straightforward process when you know the steps to follow. Walmart provides helpful tools like the WalmartOne/Me@Walmart portal for current associates and the alumni site for former employees, ensuring you can always retrieve your paystubs from Walmart when needed.

Pay stubs are vital for managing your finances, preparing taxes, and verifying income. By understanding the resources available to you, from online portals to direct support from payroll services, you can easily maintain access to these important records.

Whether you’re logging into the Me@Walmart app as a current employee or navigating the alumni portal after your tenure, this guide ensures that you’ll always have a reliable method to access and manage your pay stubs. Stay proactive by saving your records regularly and reaching out for support if needed.

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How to Acquire a Paystub From Verizon

Whether you’re a current employee or a former one, accessing your Verizon paystub is an essential task for managing your personal finances. Pay stubs are not just records of your earnings—they’re crucial for tax preparation, verifying income, and understanding your deductions. However, navigating the system to locate and retrieve your pay stub can sometimes feel confusing, especially if you’re unfamiliar with the process.

In this blog, we’ll break down the steps to access your Verizon paystub, both for current and former employees. With clear instructions and helpful tips, you’ll have all the information you need to efficiently retrieve this important document.

For Current Verizon Employees:

Accessing your pay stub as a current Verizon employee is a simple process when you know where to look. Here’s a detailed step-by-step guide to help you navigate the system efficiently.

1) Log into the Verizon Employee Portal

To begin, you need to access Verizon’s dedicated employee portal:

• Visit the Portal: Go to the official Verizon employee portal that matches your employment status. Depending on your role, there might be a specific URL or link provided by your HR department. Make sure to use a secure and trusted network when accessing this site.
• Enter Your Credentials: Use your unique employee ID and password to log in. If you’ve forgotten your credentials, there is an option to reset your password or recover your account details through the portal.

*Pro Tip: Save the portal’s URL to your bookmarks for quicker access in the future.*

2) Navigate to the Payroll Section

Once you’re logged in:

• Locate the “Payroll” or “Pay” Tab: This is usually accessible from the main dashboard or under the “Employee Services” menu. Look for a clear label such as “Pay Stubs” or “Earnings Statement.”
• Explore Related Options: Beyond pay stubs, this section may also provide access to direct deposit details, tax withholding information, and year-end tax forms like W-2s.

*Pro Tip: Take a few moments to familiarize yourself with the portal’s layout for future ease of use.*

3) View and Download Your Pay Stub

After reaching the payroll section:

• Select the Pay Period: Verizon paystubs are often organized by date. Choose the desired pay period to view your earnings and deductions for that specific timeframe.
• Preview or Download: Click on the pay stub to view it directly in the portal. For a permanent record, download it as a PDF and store it securely on your device or print a hard copy.

*Pro Tip: To save time, consider setting up email notifications or reminders to download your pay stubs regularly. This is especially helpful for maintaining accurate financial records.*

Additional Benefits for Current Employees

• Mobile Access: If Verizon offers a mobile app for employees, you may be able to access your pay stubs on-the-go. Check with your HR department for app availability.
• Support Channels: If you encounter any issues with the portal, Verizon’s HR or IT support teams can provide assistance. Contact information should be available on the portal homepage.

For Former Verizon Employees:

If you’ve left Verizon, retrieving your pay stubs remains straightforward, even though your access to internal systems may be restricted. Verizon offers dedicated resources to ensure former employees can still obtain these essential documents. Follow the steps below to access your pay stubs efficiently.

1) Access the Work History Site

Verizon provides a convenient online tool for former employees based in the U.S.:

• Visit the Work History Site: Navigate to https://workhistory.verizon.com. This site is specifically designed to assist former employees in accessing payroll and other historical work data.
• Log in with Your Credentials: Use the same employee ID and password you had during your tenure at Verizon. If you’ve forgotten your login details, the site offers account recovery options, such as password reset links or contact assistance for further help.
• Explore Pay Stub Options: Once logged in, locate the section for pay stubs or earnings history. The interface is typically user-friendly and categorized by pay period.

*Pro Tip: Bookmark the Work History Site for future use, as you may need to access additional records like W-2s during tax season.*

2) Contact HR for Assistance

If you encounter any issues with the Work History Site, Verizon’s HR department is available to assist:

• Email HR Answers: Reach out to hranswers.us@verizon.com for personalized support. Include your full name, previous employee ID, and a brief description of your request to ensure a quick response.
• Verify Your Identity: Be prepared to verify your identity with additional details, such as your date of birth, last work location, or the last four digits of your Social Security Number, as part of the security process.

Additional Tips for Former Employees

• Keep Your Documents Handy: Make a habit of saving or printing your pay stubs as soon as you retrieve them to avoid the need for repeat logins.
• Access During Transition Period: If you recently left Verizon, try accessing your pay stubs while your internal credentials are still active. This is often the quickest way to secure your records.
• Seek Year-End Forms: The Work History Site can also provide year-end tax documents like W-2s, which are crucial during tax preparation.

*Pro Tip: For long-term needs, consider exporting all relevant payroll data to a secure cloud storage service or saving hard copies in a designated file.*

Closing Thoughts

Accessing your Verizon paystub, whether as a current or former employee, doesn’t have to be a complicated process. By utilizing the tools provided—such as the employee portal, the Work History Site, or reaching out to HR—you can efficiently retrieve this important document whenever you need it.

Pay stubs are more than just a record of your earnings; they play a vital role in financial planning, tax preparation, and verifying income. Taking the time to understand how to access and manage these records ensures you’re always prepared for any financial or administrative needs that come your way.

If you’re a Verizon employee, bookmark this guide as a handy reference for the future. Whether you’re still with the company or have moved on, the steps outlined here will help you maintain seamless access to your pay stubs and other payroll documents.

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10 Key IRS Tax Forms, Schedules, and Publications for 2025

Each year, millions of taxpayers in the United States file their returns. They use a range of IRS forms to report income, claim deductions, and meet their tax obligations. Navigating the world of tax forms can feel overwhelming. This is especially true as the IRS makes changes each year to reflect new tax laws, inflation adjustments, and policy updates. Staying informed about the latest tax forms is essential for compliance. It also helps you take advantage of available deductions, credits, and tax benefits.

This guide covers some of the most commonly used and essential forms for individuals, employees, independent contractors, and small business owners. From income reporting forms to extension requests and business schedules, these documents are the backbone of the tax filing process. Whether you’re a seasoned taxpayer or filing for the first time, understanding these forms can make a big difference. It helps ensure accuracy and allows you to maximize the benefits you qualify for.

In this guide, we’ll walk through ten of the most critical IRS forms and schedules for 2025. We’ll explain their purposes, who needs them, and what to watch out for this tax season. Being proactive with your understanding of these forms can help you prepare your return with confidence. It also helps you avoid common errors or missed opportunities.

The 10 Integral Tax Forms You Should Be Aware Of

Tax season can feel overwhelming, but understanding the right forms can make all the difference. These 10 essential tax forms cover everything from reporting income to claiming deductions and requesting extensions. They are the backbone of an accurate and efficient filing process. Whether you’re an individual taxpayer, small business owner, or freelancer, knowing these forms will help you stay compliant and maximize your tax benefits.

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Who Needs It: Nearly all U.S. taxpayers must file a Form 1040 if they meet minimum income thresholds, which vary by age, filing status, and other factors. Whether you’re employed, self-employed, or earning income from investments, you’ll use Form 1040 to report your earnings to the IRS.

Highlights for 2025: This year, taxpayers should note several updates:

• Tax Bracket Adjustments: Due to inflation adjustments, the income ranges for each tax bracket have shifted. This change could impact tax rates for many filers.
• Standard Deduction Increase: The IRS has raised the standard deduction amounts. This provides a potentially larger tax deduction for those who do not itemize.
• Updated Credits and Deductions: Changes to credits like the Earned Income Tax Credit (EITC) and Child Tax Credit may affect eligibility. Benefit amounts could also change depending on income and family size.

Create Form 1040 Now

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Who Needs It: Schedule A is ideal for taxpayers whose qualifying deductible expenses are higher than the standard deduction. Commonly, this includes homeowners with significant mortgage interest. It also applies to individuals with large medical expenses, charitable donations, or high state and local taxes.

2025 Tax Strategies:

• Track Charitable Donations: Keep detailed records of both cash and non-cash charitable donations. These can significantly reduce taxable income when itemized.
• Maximize Mortgage Interest: Homeowners should include mortgage interest from qualified loans, since it often counts as a major itemized deduction.
• Bundle Medical Expenses: If possible, schedule large, elective medical expenses within the same tax year. This can help exceed the 7.5% income threshold for medical deductions.
• Consider SALT Limits: Be mindful of the state and local tax (SALT) deduction cap, which remains at $10,000. For those in high-tax states, other itemized deductions might provide additional benefits.

Create Form 1040 (Schedule A) Now

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Who Needs It: Any self-employed individual, independent contractor, or small business owner operating as a sole proprietor needs to complete Schedule C. Those who earn income from side gigs or freelance work also need to file it.

2025 Updates:

• Qualified Business Income (QBI) Deduction: Many small business owners can claim the QBI deduction. It offers up to a 20% deduction on qualified business income. Understanding if and how this applies can significantly reduce taxable income.
• Home Office Deduction: For those who work from home, expenses related to a dedicated workspace can be deductible. This includes a portion of utilities, rent, and home maintenance. The deduction is based on the percentage of your home used exclusively for business.
• Health Insurance Deduction: Self-employed individuals may be eligible to deduct health insurance premiums for themselves and their families.
• Mileage Deduction Update: For 2025, the IRS may have adjusted the standard mileage rates for business travel. Be sure to use the current rate when calculating travel expenses.

Create Form 1040 (Schedule C) Now

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Who Needs It: Employees starting a new job or going through life changes—such as marriage, divorce, or having a child—should complete a new W-4. It’s also helpful for anyone with a major change in income. This includes taking on a second job or a freelance side gig. It is important to understand the difference between a W-2 and a W-4. Simply put, the W-2 reports what has already happened (earnings and taxes withheld over the year). The W-4 determines what will happen (how much tax to withhold from future paychecks).

Importance in 2025:

• Updated IRS Withholding Calculator: For 2025, the IRS’s updated online calculator can help employees estimate the right withholding amount. It’s based on their personal and financial situations.
• Tips for Optimal Withholding: If you received a large tax refund or owed taxes last year, your W-4 may need adjusting. Review your withholding allowances and account for additional income or deductions. This helps align your tax payments with your expected liability.
• Additional Withholding Adjustments: Have side income or want to withhold more for tax purposes? Adding extra withholding on your W-4 can help cover the additional tax due.

Create Form W-4 Now

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Who Needs It: Independent contractors, freelancers, and anyone providing services to a business typically need to complete a W-9. Individuals and businesses also use it to report income from rents, royalties, and other miscellaneous sources on a 1099 form.

Key 2025 Considerations:

• Common Uses: Form W-9 is essential for businesses issuing 1099 forms, like the 1099-NEC (Nonemployee Compensation) and 1099-MISC. By collecting TINs, businesses can accurately report contractor payments and send that information to the IRS.
• Importance of ITINs: Individuals who aren’t eligible for a Social Security Number (SSN), such as certain non-U.S. residents, can use an Individual Taxpayer Identification Number (ITIN) on Form W-9. This allows them to comply with reporting requirements, ensuring accurate tax records. Click here to learn how to apply for an ITIN.
• Ensuring Accurate Income Reporting: Completing a W-9 accurately helps avoid IRS mismatches in records, which can lead to unnecessary tax notices or withholding penalties.
• Electronic Submissions: Many businesses now allow W-9 submissions electronically, simplifying the process and ensuring timely filing for contractors and freelancers.

Create Form W-9 Now

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Who Needs It: Freelancers, independent contractors, landlords, and others who receive non-employee income typically need to report earnings using Form 1099-MISC. Payers are responsible for issuing this form to recipients if the amount paid meets reporting thresholds.

New for 2025:

• Updated Reporting Thresholds: Certain income types may have adjusted reporting thresholds, so payers should verify the minimum amounts that require a 1099-MISC to be issued.
• Clarified Guidelines for Specific Income Types: The IRS has provided updated guidance on categorizing and reporting various income types to ensure accuracy and reduce errors in filing.
• Electronic Filing Encouragement: As part of ongoing efforts to streamline tax reporting, the IRS is encouraging more businesses to use electronic filing options for 1099 forms, including the 1099-MISC, which simplifies record-keeping and reduces errors.

Create Form 1099-MISC Now

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Who Needs It: Individuals with accounts that generate interest—such as savings accounts, money market accounts, and certain investment accounts—will receive a 1099-INT from their financial institutions if their earned interest meets the IRS reporting threshold.

2025 Filing Tips:

• Verify Your Interest Amounts: Make sure the amount reported on Form 1099-INT matches your bank records. Errors in reporting can lead to discrepancies and potential IRS inquiries.
• Include All Interest: Even if you don’t receive a 1099-INT for small amounts (under $10, for example), you still need to report all interest income on your tax return.
• Account for Tax-Exempt Interest: Some interest, like that from municipal bonds, may be tax-exempt, but you still need to report it. Review your 1099-INT, which lists tax-exempt interest separately, to ensure accurate reporting.
• Foreign Interest Income: If you have accounts in foreign banks, report that interest income—even if you don’t receive a 1099-INT. The IRS requires you to report global income, including interest from foreign accounts.

Create Form 1099-INT Now

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Who Needs It: Investors and shareholders who receive dividends or distributions from their investments. Financial institutions and brokerage firms are required to issue a 1099-DIV if the amount of dividends paid meets the IRS reporting threshold.

Focus for 2025:

• Updated Reporting Thresholds: As of 2025, the IRS has maintained the reporting threshold for dividends at $10, meaning financial institutions must issue a 1099-DIV for any dividends paid above this amount.
• Qualified vs. Ordinary Dividends: Form 1099-DIV separates qualified dividends, which are taxed at a lower capital gains rate, from ordinary dividends, which are taxed as regular income. This distinction remains crucial for tax planning and reporting.
• Capital Gains Distributions: Investors should also note capital gains distributions listed on the form, as they need to be reported separately for accurate tax calculations.
• Foreign Dividends: Investors with international holdings may receive foreign dividends that could require special reporting or be subject to foreign tax credits.

Create Form 1099-DIV Now

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Who Needs It:

• Taxpayers who are unable to complete their tax return by the original due date, typically April 15th (or the next business day if it falls on a weekend or holiday).
• Individuals waiting for critical tax documents, such as K-1s from partnerships or late-issued 1099 forms.
• Taxpayers dealing with unexpected personal or financial challenges that delay filing.

Important for 2025:

• Deadlines: Form 4868 must be filed by April 15th, 2025, to avoid late-filing penalties. If approved, the extension provides a new filing deadline of October 15th, 2025.
• Penalties: While Form 4868 prevents late-filing penalties, it does not waive penalties or interest for unpaid taxes. Taxpayers should estimate and pay any taxes owed by the original deadline to avoid accruing additional charges.
• Electronic Filing: Taxpayers can file Form 4868 electronically, which ensures faster processing and confirmation of the extension request.

Create Form 4868 Now

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Who Needs It:

• Individuals applying for loans, mortgages, or financial aid, where proof of income or tax history is required.
• Taxpayers needing to verify information for correcting errors on their tax return.
• Businesses or individuals responding to IRS inquiries or audits that require supporting documentation from prior tax years.

Key Considerations in 2025:

• Accessing Transcripts Efficiently: Taxpayers can now use the IRS’s online tool, “Get Transcript Online,” for immediate access to digital transcripts. Alternatively, Form 4506-T can be mailed or faxed to request a transcript, though processing times may vary.
• Types of Transcripts Available: Depending on the need, taxpayers can request various types of transcripts, including the Tax Return Transcript, Tax Account Transcript, or Record of Account, each providing different levels of detail.
• Usage in Financial Transactions: Many lenders and financial institutions rely on Form 4506-T to confirm income and tax history, making it a critical form for those involved in loans or refinancing processes.

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Let FormPros Help!

Navigating the maze of IRS tax forms, schedules, and publications can be daunting, but understanding the essentials can make tax season far less stressful. Whether you’re filing as an individual, managing a small business, or organizing your finances as a freelancer, having the right forms at your fingertips is crucial for accuracy, compliance, and maximizing potential tax benefits.

At FormPros, we simplify the process by offering easy-to-use tools to generate all the forms you need—not just the 10 key tax forms mentioned here. From creating professional pay stubs to drafting LLC Operating Agreements or voided checks, we provide comprehensive solutions for individuals, businesses, and entrepreneurs alike. Thinking about forming an LLC or starting a corporation? We can help you handle the paperwork seamlessly and get your business up and running in no time.

Don’t let complex forms slow you down. Visit FormPros today and see how our intuitive platform can save you time, streamline your process, and ensure your documents are prepared with precision. Get started now and take control of your tax filing and business paperwork with confidence!

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How to Spot a Fake Paystub

In today’s financial landscape, paystubs (aka check stubs) play a crucial role in various transactions, serving as proof of income, employment, and financial stability. Whether you’re applying for a loan, renting an apartment, or verifying an employee’s income, paystubs are often the key document required to seal the deal. They provide a detailed breakdown of an individual’s earnings, deductions, and net pay, offering a transparent view of their financial standing.

However, with the rise of digital document manipulation, fake pay stubs have become increasingly prevalent. People use these counterfeit documents to deceive landlords, lenders, and employers, which can lead to severe financial and legal consequences. The implications of using or accepting a fake paystub can be far-reaching, from denied loans and evictions to fraud investigations and criminal charges.

Given the rising incidents of paystub fraud, it’s more important than ever to know how to identify a fake. Recognizing the tell-tale signs can protect you from financial loss, legal troubles, and reputational damage. In this guide, we’ll equip you with the tools to spot fraudulent paystubs and show you how to ensure your paystubs are always accurate and compliant with FormPros’ secure paystub generator.

Common Indicators to Look Out For

Spotting a fake paystub requires a keen eye for detail. Below are some of the most common indicators that can help you identify fraudulent documents:

Formatting and Spelling Errors

Fake paystubs often contain noticeable formatting inconsistencies. Legitimate paystubs from established companies typically maintain a standardized layout. Look for:

• Inconsistent Font Styles and Sizes: Varying fonts, misaligned text, or irregular spacing often suggest someone hastily assembled or tampered with the paystub.
• Poor-Quality Logos: A blurry or pixelated company logo often indicates that someone copied or poorly inserted it into the document.
• Spelling and Grammatical Errors: Legitimate companies have professional standards for their documents. Typos, awkward phrasing, or basic grammar mistakes are red flags of a counterfeit paystub.

Unrealistic Figures

Another hallmark of a fake paystub is the presence of improbable financial figures. Indicators include:

• Rounded Numbers: Authentic paystubs rarely have perfectly rounded figures for income, taxes, or deductions. Real deductions and net pay are often precise, reflecting exact calculations.
• Identical Deductions Across Periods: Variability in deductions such as taxes, benefits, and overtime is normal. Identical deductions across multiple pay periods might suggest manipulation.
• Implausible Income Levels: Check if the reported income aligns with the individual’s job title or industry norms. Outlandishly high or low earnings can be a giveaway.

Inaccurate Employer Information

Legitimate paystubs always reflect accurate employer details. Pay close attention to:

• Company Name and Address: Fake paystubs may feature fictitious company names or addresses. Cross-checking the employer’s details with official business records can help verify authenticity.
• Mismatched Contact Information: If the company’s phone number, email, or website listed on the paystub doesn’t match official records, it’s likely a counterfeit.

Suspicious Deductions and Tax Calculations

One of the more technical but critical indicators of a fake paystub is errors in tax and deduction calculations. Look for:

• Incorrect Tax Rates: Each paystub should reflect accurate state and federal tax deductions. Any deviation from the expected tax rates for the location could indicate fraud.
• Missing Mandatory Deductions: Paystubs should include mandatory deductions like Social Security, Medicare, and state-specific taxes. Their absence is a strong indicator of falsification.
• Inconsistent or Incorrect Net Pay: The net pay should always be a result of precise deductions from the gross pay. Errors here often indicate manipulation.

The Dangers of Using or Issuing a Fake Check Stub

The consequences for use or issuance of fake paystubs is oftentimes severe. Try to avoid repercussions by understanding the following:

Legal Consequences	Financial Risks	Damage to Reputation
The legal repercussions of creating or using a fake paystub can be severe:	The financial fallout from fake paystubs can be equally damaging:	The fallout from being associated with fake paystubs extends beyond legal and financial penalties:
1) Fines and Penalties: Individuals caught submitting fake paystubs may face hefty fines, often proportional to the extent of the fraud. This can include penalties from both civil and criminal courts. 2) Lawsuits: Financial institutions, employers, or landlords defrauded by fake paystubs can initiate lawsuits for damages. These legal battles can be costly and time-consuming. 3) Criminal Charges: Depending on the jurisdiction, using or issuing fake paystubs can lead to criminal charges such as fraud or forgery. Convictions could result in probation, community service, or even imprisonment.	1) Loan Denial: Lenders verify income to assess creditworthiness. A fake paystub can lead to immediate denial of loans, including mortgages, personal loans, or car loans. 2) Repossession: If a loan is granted based on a fake paystub and the fraud is later discovered, it can result in the repossession of the financed asset, such as a car or home. 3) Fraud Penalties: Financial institutions may impose fraud-related penalties, including freezing accounts, increased scrutiny of future applications, or permanent bans from accessing certain services.	1) Loss of Trust from Employers: Employees found submitting fake paystubs may face disciplinary actions, including termination. It can also tarnish their professional reputation, making it harder to secure future employment. 2) Lender and Financial Institution Trust: Once a borrower is caught using fraudulent documentation, their credibility with financial institutions is severely damaged. This loss of trust can impact future loan approvals, credit card applications, and other financial dealings. 3) Reputation in Rental Markets: Tenants who use fake paystubs risk being blacklisted by landlords and property management companies. This can make finding housing in the future significantly more challenging.

How Landlords May Verify Paystubs

Landlords and property managers play a critical role in identifying rental application fraud, especially as fake paystubs become more common in the housing market. To protect themselves and ensure they’re renting to financially stable tenants, landlords must take proactive steps to verify the authenticity of submitted paystubs.

— One of the most effective strategies is to request additional proof of income. Supporting documents such as recent bank statements, W-2 forms, or tax returns can provide a more comprehensive picture of an applicant’s financial situation. These records help landlords spot inconsistencies or discrepancies between the paystub and the applicant’s actual income history.

— Another important step is to verify employment directly. When landlords contact the employer listed on the paystub, they can confirm the applicant’s current employment status, job title, and whether the income matches the document. In some cases, this process may require the applicant to sign a release form granting permission to contact their workplace.

— Landlords should also apply a critical eye to the paystub itself, using the fraud detection tips outlined earlier in this guide. Suspicious formatting, unrealistic income figures, missing tax deductions, or inaccurate company details can all signal a fake document. In addition, using a professional tenant screening service can be beneficial. These services often include employment and income verification in their background checks, offering an extra layer of protection against fraud.

How to Avoid Fake Paystubs with FormPros

Avoiding the complications and risks associated with fake check stubs starts with using a trusted, reliable paystub generator. In today’s fast-paced world, where financial accuracy is critical, turning to a secure and compliant service like FormPros ensures peace of mind.

Why Use a Reliable Paystub Generator?

A dependable online paystub generator eliminates the guesswork and potential errors involved in creating paystubs. It guarantees that each document is accurate, compliant with all regulations, and free from the common red flags found in fake paystubs. By using a professional service, you not only avoid legal and financial risks but also maintain the trust of employers, lenders, and financial institutions.

The FormPros Advantage

FormPros offers a paystub generator that is not only secure and compliant but also incredibly easy to use. Here’s why it stands out:

• Accuracy and Compliance: Our system ensures that all checkstubs are generated with precise calculations, including correct tax deductions and detailed breakdowns. This accuracy is vital for both employers and employees, preventing any issues with financial institutions or tax authorities.

• Security You Can Trust: With FormPros, your sensitive information is handled with the utmost care. Our secure platform protects your data while providing legally compliant documents.

• Cost-Effective and User-Friendly: Our paystub generator is designed to be affordable and intuitive. You don’t need to be a financial expert to create professional paystubs; our user-friendly interface guides you through each step.

• Comprehensive Business Solutions: Beyond paystubs, FormPros offers a wide range of business and tax forms, including Form W-2, Form 1099-NEC, and LLC Operating Agreements. These are essential for payroll reporting, independent contractor payments, and business formation—making FormPros a one-stop solution for all your business documentation needs.

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Independent Contractors Guide to Forming an Entity

What is an Independent Contractor?

An independent contractor is a self-employed individual who provides services to clients under a contract, rather than as an employee. Unlike employees, independent contractors are responsible for their own taxes, including self-employment tax, and typically have more control over how they complete their work. Many independent contractors choose to protect themselves legally and financially by forming an entity, such as an LLC or corporation. They might work in various fields such as consulting, freelancing, construction, or other professional services.

Why would an Independent Contractor want to form an entity?

Liability Protection: Forming an entity like an LLC or a corporation separates personal and business assets. This means personal assets (like your home or savings) are protected if the business faces legal claims or debts.

Tax Benefits: Certain entities offer tax advantages. For example, S Corporations allow for pass-through taxation and can help reduce self-employment taxes on a portion of your income.

Professionalism and Credibility: Operating under a formal business structure can enhance your credibility with clients. It shows you are serious about your business, which can lead to more professional opportunities.

Ease of Managing Finances: Keeping personal and business finances separate simplifies accounting and makes it easier to track income, expenses, and deductions.

Growth Potential: Forming an entity provides a foundation for future growth, whether you plan to hire employees, take on bigger projects, or even sell the business.

Common Types of Entities

You can use the following table to view a clear and concise comparison of the different types of entities, including their definitions, benefits, and drawbacks:

Entity Type	Definition and Characteristics	Pros	Cons
Sole Proprietorship	A business owned and operated by one individual without a separate legal entity.	-Simple to set up and operate. -Full control over decisions. -Minimal regulatory requirements.	-No liability protection. -Personal assets at risk. -Self-employment taxes on all profits.
Limited Liability Company (LLC)	A flexible business structure that provides liability protection to its owners (members) while allowing pass-through taxation.	-Liability protection for personal assets. -Flexible taxation options (can be taxed as a sole proprietorship, partnership, or corporation). -Fewer formalities than a corporation.	-Can be more expensive to set up than a sole proprietorship. -Annual state filings and fees required.
S Corporation (Form 2553)	A corporation that elects to pass corporate income, losses, deductions, and credits to shareholders for federal tax purposes.	-Avoids double taxation (pass-through taxation). -Potential to save on self-employment taxes. -Limited liability protection.	-Stricter operational processes and formalities. -Limits on the number and type of shareholders.
C Corporation (Form 8832)	A legal entity that is separate from its owners, offering strong liability protection and the ability to reinvest earnings in the business without immediate tax.	-Strong liability protection. -Easier to raise capital through shares. -Can attract investors and issue stock.	-Subject to double taxation (corporate income taxed at the corporate level, and dividends taxed at the individual level). -More regulatory requirements.

If you are still unsure of the correct entity that will be the perfect fit for your business, the following examples may help. These are some case studies that involve common professions and why they might choose one particular entity type over another.

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Steps to Form and Maintain an Entity

Forming a business entity involves several key steps, followed by ongoing compliance to ensure the entity remains in good standing. Here’s a comprehensive guide:

1) Forming an LLC

• Name Selection: Choose a unique business name that complies with your state’s LLC naming rules. Ensure it’s not already in use by another business.
• Articles of Organization: File this document with your state’s business filing office. It typically includes basic information about your LLC, such as the name, address, and members.
• Operating Agreement: Although not always required, creating an operating agreement outlines the ownership structure and operating procedures of your LLC. This is crucial for multi-member LLCs to prevent disputes.

2) Electing S Corporation Status

• Filing Form 2553: After forming your LLC or corporation, you can elect to be taxed as an S Corporation by filing Form 2553 with the IRS. This election must be made within a specific timeframe, typically 2.5 months after the beginning of the tax year in which the election is to take effect.

3) Other Initial Requirements

• EIN Application: Obtain an Employer Identification Number (EIN). This is required for tax purposes, even if you don’t plan to hire employees.
• Business Licenses: Depending on your business type and location, you may need local, state, or federal licenses or permits to operate legally.
• State-Specific Filings: Check for any additional requirements in your state, such as initial reports or publications.

4) Ongoing Compliance

• Annual Reports: Many states require entities to file annual or biennial reports to maintain good standing. This report updates the state on key business information.
• Taxes: Stay current on federal, state, and local tax obligations. This includes income tax, self-employment tax, payroll tax (if you have employees), and possibly sales tax.
• Record-Keeping: Maintain accurate and organized records of your business finances, including income, expenses, and any significant decisions or changes in your business.
• Separate Finances: Keep personal and business finances separate to simplify accounting and protect liability protections. This includes having a dedicated business bank account and credit card.

Let FormPros Help!

Starting a business can be overwhelming, but FormPros makes it easier. Aspiring entrepreneurs can use our platform for any help starting a business, from Forming an LLC to Starting a Corporation and even acquiring a registered agent. Our platform also helps with a wide range of tax and business-related forms, from EIN applications to essential contracts. Take the hassle out of paperwork and let us streamline your business formation and tax needs. Get started with FormPros today and focus on growing your business, not drowning in paperwork!

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Pay Stub Requirements by State – 2025

Pay stubs, or check stubs, play a vital role in the employer-employee relationship, providing a detailed record of earnings, deductions, and net pay. For employees, pay stubs serve as essential proof of income, helping them track their wages, understand deductions, and manage their finances. For employers, accurate pay stubs ensure transparency and compliance, supporting clear communication and record-keeping for tax and legal purposes.

However, it’s not a one-size-fits-all approach: each state has its own rules regarding pay stubs. Some states require specific details to appear on the stub—such as hours worked, overtime, and deductions—while others set rules for how employers must distribute pay stubs, whether in paper or electronic form. Navigating these variations is crucial for businesses to maintain compliance and avoid potential penalties.

State-by-State Pay Stub Requirements

No federal law mandates pay stubs; instead, the IRS requires employers to retain accurate pay records for at least four years after each tax filing. There are two main factors that can change between pay stubs from different states. Each state sets its own pay stub regulations, including rules for distribution and required details. We’ll go over distribution first. No Requirement: In these states, employers don’t have to provide pay stubs to employees.

Does your state require check stubs?

1. No Requirement: In these states, employers don’t have to provide pay stubs to employees.

2. Access: Employers in these states must provide employees with access to pay stubs, which can be in electronic or paper format.

3. Written/Printed: These states mandate that employers provide written or printed pay stubs.

4. Opt-Out: In these states, employers can provide electronic pay stubs, but employees must have the option to opt out and receive paper copies.

5. Opt-In: In this state, employers must get employee consent before giving electronic pay stubs; otherwise, they must provide paper copies.

Locate Your State Below to See Which Type It Is

State:	Requirement Type:
Alabama	No Requirement
Alaska	Access
Arizona	Access
Arkansas	No Requirement
California	Written/Printed
Colorado	Written/Printed
Connecticut	Written/Printed
Delaware	Opt-Out
Florida	No Requirement
Georgia	No Requirement
Hawaii	Opt-In
Idaho	Access
Illinois	Access
Indiana	Access
Iowa	Written/Printed
Kansas	Access
Kentucky	Access
Louisiana	No Requirement
Maine	Written/Printed
Maryland	Access
Massachusetts	Written/Printed
Michigan	Access
Minnesota	Opt-Out
Mississippi	No Requirement
Missouri	Access
Montana	Access
Nebraska	Access
Nevada	Access
New Hampshire	Access
New Jersey	Access
New Mexico	Written/Printed
New York	Access
North Carolina	Written/Printed
North Dakota	Access
Ohio	No Requirement
Oklahoma	Access
Oregon	Opt-Out
Pennsylvania	Access
Rhode Island	Access
South Carolina	Access
South Dakota	No Requirement
Tennessee	No Requirement
Texas	Written/Printed
Utah	Access
Vermont	Written/Printed
Virginia	Access
Washington	Written/Printed
West Virginia	Access
Wisconsin	Access
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What information is found on a pay stub in different states?

The specific information required on pay stubs varies by state, with some mandating detailed disclosures to ensure transparency between employers and employees. Here are some examples of the information required for several states:

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If your state isn’t listed above, or if you’re still unsure about what information should appear on a pay stub, don’t worry—FormPros has you covered. In fact, we make the process simple by providing a pay stub generator that automatically adjusts to meet your specific state’s regulations. As a result, you can create a fully compliant pay stub every time, no matter where your business operates.

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Pay Stub Requirements by State – 2025 FAQs

• Can I use a paystub as proof of employment?
  Yes, many institutions accept a pay stub as secondary proof of employment, since it includes employer details, payment dates, and income information. However, in certain cases—such as when applying for a mortgage or visa—you may also need to provide an employment verification letter or a formal contract to supplement your pay stub.
• What should I do if my employer refuses to give me a paystub in a state that requires one?
  If you're in a state that mandates pay stub distribution, then you should first submit a written request to your employer. However, if they still fail to comply after that, you may want to escalate the issue by filing a complaint with your state’s Department of Labor. This step is important because withholding required pay stub information can, in many cases, violate labor laws.
• Are there penalties for employers who don’t comply with state paystub laws?
  Yes, there are consequences for non-compliance. While penalties vary by state, employers who fail to follow pay stub regulations may face fines, legal action, or even audits. Furthermore, in certain situations, employees may be entitled to back pay or damages—especially if the lack of proper documentation causes financial harm.
• Can freelancers or gig workers generate their own paystubs?
  Absolutely. Although freelancers typically don’t receive pay stubs from clients, they can still use pay stub generators (like FormPros) to create proof of income for purposes such as loan applications, lease agreements, or personal financial records. Moreover, these tools are especially helpful when consistent income documentation is required for verification.
• How long should I keep my pay stubs?
  As a general rule, you should keep your pay stubs for at least one year, or at least until you receive your annual W-2 form. However, if you plan to apply for loans, rental agreements, or government benefits, it’s a good idea to retain them for a longer period—ideally up to three years—for reliable income verification.
• Can I access pay stubs from a previous employer after leaving a job?
  Yes, you can usually access pay stubs from a previous employer, but this depends on both the company’s internal policies and the labor laws of your state. Although employers are generally required to retain payroll records for several years, they are not necessarily obligated to share copies with former employees unless you make a formal request or the documents are needed for legal proceedings.
• Is an electronic pay stub legally valid?
  Yes, digital pay stubs are considered just as valid as printed ones. In fact, in states that permit electronic pay stubs—whether by default or through opt-in or opt-out policies—employers can provide them as long as the documents remain easily accessible and printable for the employee.
• Can I edit a paystub for a loan or rental application?
  No, you should never alter a pay stub for misrepresentation. In fact, editing a pay stub with false information is considered fraud and can lead to serious legal consequences. Instead, if you need to clarify or correct any details, it’s best to speak directly with your employer or use an official pay stub generator that accurately reflects your income information.
• What’s the difference between a paystub and a payslip?
  In the U.S., the terms 'pay stub' and 'payslip' are often used interchangeably. However, in global contexts—particularly in the U.K.—the term 'payslip' is more commonly used. Regardless of the terminology, both refer to the same type of document that outlines your earnings, deductions, and net pay for a specific pay period.
• Can I request custom information to be added to my paystub?
  Whether you can add custom information to a pay stub depends on your employer or the pay stub generator you’re using. For example, some tools—such as FormPros—offer the flexibility to include custom fields like job title, employee ID, or bonuses. However, it’s important to remember that no matter how customizable the stub is, the required fields must still comply with your state’s regulations.

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S Corporation (Form 2553) vs C Corporation (Form 8832)

When starting a business, choosing the right business entity is a crucial decision that can impact your company’s long-term success. One of the most common comparisons entrepreneurs face is S Corporation vs C Corporation. Both structures are widely used in the U.S. and offer unique advantages. However, they differ in key areas like taxation, ownership rules, and legal obligations. Understanding these differences can help you determine which option best fits your business goals.

Understanding the basics of S Corporation vs C Corporation can help you navigate the IRS requirements more confidently. Each classification has its own set of forms, eligibility rules, and financial outcomes, so clarity is essential before you file.

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Understanding S Corporations (Form 2553)

Form 2553, “Election by a Small Business Corporation,” is the official form businesses file with the IRS to elect S Corporation status. This election treats the corporation as a pass-through entity for federal tax purposes. It passes income, losses, deductions, and credits to shareholders, who report them on their personal tax returns. This can reduce the overall tax burden, unlike a C Corporation, where both corporate and individual levels tax income. This distinction plays a major role in the S Corporation vs C Corporation debate. By filing Form 2553, a corporation agrees to follow the rules governing S Corporations. The IRS monitors compliance with eligibility criteria.

Eligibility Requirements: To qualify for S Corporation status, a business must meet specific criteria established by the IRS, including:

• Entity Type: The business must be a domestic corporation.
• Shareholders: S Corporations can have no more than 100 shareholders, and all must be U.S. citizens or resident aliens. Certain trusts and estates may qualify, but partnerships, corporations, and non-resident aliens are not allowed to hold shares.
• Stock Structure: S Corporations may issue only one class of stock, with equal rights to distributions and liquidation proceeds for all shares.
• Filing Deadline: To qualify for the current tax year, file Form 2553 within two months and 15 days of the tax year start. Missing the deadline can delay S Corporation status until the following year.

Choosing S Corporation status can benefit small businesses seeking tax savings and limited liability.
However, it may not suit businesses planning substantial growth or needing a flexible, diverse ownership structure.

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Understanding C Corporations (Form 8832)

Form 8832, known as the “Entity Classification Election,” lets businesses choose their federal tax classification. A C Corporation is the default for corporations. However, LLCs, partnerships, or other entities can file Form 8832 to elect C Corporation status. This election allows businesses to benefit from the corporate tax structure, where the entity is taxed separately from its owners. Choosing C Corporation status lets businesses retain earnings within the company and access unique deductions and credits exclusive to corporations.

Eligibility Requirements:

— A C Corporation election does not have the same restrictive eligibility requirements as an S Corporation. However, there are still some considerations and criteria for businesses seeking to elect or remain as C Corporations. Here are the key points:

Entity Type:

— Any eligible business entity can elect C Corporation status by filing Form 8832 (LLCs) or Form 1120 (corporations). Unlike S Corporations, C Corporations do not need to be domestic. Foreign entities can operate as C Corporations if they meet registration and filing requirements.

No Limit on Shareholders:

— C Corporations can have an unlimited number of shareholders. This flexibility benefits businesses aiming to attract a broad investor base. It includes individuals, other corporations, partnerships, and foreign shareholders.

No Restrictions on Shareholder Types:

— C Corporations do not restrict ownership based on residency or citizenship. Foreign investors, other corporations, and institutional investors (e.g., mutual funds) are all eligible to own shares.

Multiple Classes of Stock Allowed:

— C Corporations can issue multiple classes of stock (e.g., common and preferred shares), each with different voting rights and dividend entitlements. This flexibility allows C Corporations to offer varied investment options and better structure ownership to attract diverse types of investors.

Compliance with Corporate Formalities:

— C Corporations must follow corporate formalities, such as holding annual shareholder meetings and maintaining detailed records. They must also meet filing and reporting requirements with the IRS and state of incorporation.

Filing Form 1120 for Corporate Taxes:

— C Corporations must file Form 1120, U.S. Corporation Income Tax Return, to report their income and pay corporate taxes. This requirement applies to all C Corporations, regardless of whether they initially filed Form 8832 to elect this tax status.

The C Corporation structure is typically best suited for businesses that plan to seek substantial outside investment, pursue unlimited growth potential, and are prepared to handle the administrative demands and potential tax liabilities. With its flexibility in ownership and corporate tax advantages, a C Corporation can be ideal for larger businesses, but may not be as beneficial for small businesses or those aiming for simpler tax handling.

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Filing Guidelines

Filing for S Corporation (Form 2553) or C Corporation (Form 8832) status involves choosing a tax classification that aligns with your business goals. Each form has specific requirements, timelines, and steps for filing. Here’s a combined guide to help you through both processes to ensure timely filing.

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Filing Form 2553 for S Corporation Election:

Step 1: Verify Eligibility – Ensure your business meets the IRS criteria for S Corporation status. This includes being a domestic corporation, having no more than 100 shareholders, and issuing only one class of stock. Also, confirm that all shareholders are U.S. citizens or resident aliens.

Step 2: Complete Form 2553 – Download Form 2553 from the IRS website, or use our form generation tool. Provide information about the corporation, including the tax year, shareholder names, and each shareholder’s consent to the election. Each shareholder must sign the form to officially consent to the S Corporation status.

Step 3: Choose Your Tax Year – S Corporations are generally required to use a calendar tax year unless the IRS approves an alternative. If your business has a specific fiscal year, include the necessary justification.

Step 4: File the Form on Time – Form 2553 must be filed within two months and 15 days of the beginning of the corporation’s tax year to be effective for the current year. Late filing may delay the effective date until the following year unless you qualify for relief due to reasonable cause (a section included on the form for explanation).

Step 5: Avoid Common Errors – Common errors include missing signatures, incorrect tax year elections, or failing to verify eligibility. Double-check that all shareholder information is correct and each shareholder has signed the form. Filing errors can lead to processing delays or even rejection of the S Corporation election.

Step 6: Submit to the IRS – Mail or fax Form 2553 to the IRS address listed in the instructions. You’ll receive confirmation from the IRS once the form is processed. Keep this for your records, as it proves your election was approved.

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Filing Form 8832 for C Corporation Election:

Step 1: Determine Eligibility – LLCs, partnerships, and certain other entities can file Form 8832 to elect C Corporation status. Corporations are automatically classified as C Corporations, so they only need to file if making a change.

Step 2: Download and Complete Form 8832 – Get Form 8832 from the IRS website or use our form tool. Fill in your business name, EIN, and the classification being elected (C Corporation). Provide details about the entity’s owners and financial interests.

Step 3: Specify the Effective Date – Choose an effective date for the election. It can be up to 75 days before filing or 12 months after. Pick a date that fits your financial planning, as retroactive elections can trigger backdated tax obligations.

Step 4: Obtain Consent from All Owners – Every member or owner must agree to the election. Include each owner’s signature or written consent with the form.

Step 5: Timely Filing and Classification Considerations – Form 8832 doesn’t have a strict deadline, but early filing—especially near the start of the fiscal year—can help with tax alignment. For LLCs, early elections reduce the risk of complications or extra taxes.

Step 6: Avoid Common Errors – Double-check dates, signatures, and business info. Missing consents or inaccurate details are common reasons for processing delays.

Step 7: Submit to the IRS – Mail the form to the IRS address listed in the instructions. You’ll receive confirmation once your election is processed—keep it for your records.

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Which is the Right Choice for Your Business?

Choosing between an S Corporation and a C Corporation depends on several factors, including business size, ownership structure, growth goals, and tax objectives. The S Corporation vs C Corporation choice should always reflect your long-term business strategy, whether you’re seeking investor flexibility or simpler taxation.

Business Size and Growth Potential

Ownership Structure and Flexibility

Tax Objectives and Considerations

Administrative and Compliance Requirements

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Practical Examples and Scenarios

If you still have any confusion on which business structure is right for you, here are several real-life applications that hopefully will make things clearer.

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Let Us Help!

Starting or managing a business can feel complex, but FormPros simplifies the process. Whether you’re choosing the right tax status with Form 2553 for an S Corporation election or filing Form 8832 to classify your business as a C Corporation, our platform is here to make it easy. Whichever side you land on in the S Corporation vs C Corporation decision, FormPros can help you complete your paperwork accurately and on time.

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