Veryfi OCR API Platform | W-2 Real-Time Data Extraction
W-2. It's that time of the year. Tax season!
Running accounting software is fun and rewarding when your customers are happy but also challenging when the request to automate the boring and tedious data extraction is brought up.
Customers hate doing data entry and will often expect you to do it for them. The burden of doing this manually or building out a team to do it is too much for most customers.
That's where Veryfi comes in.
Veryfi's OCR API can identify all the data points on all variations of W2s using AI and extract the data as a JSON which your software application can consume in seconds.
WHY VERYFI
It's 100% machines end-to-end. No humans. 0. We are dealing with PII after all and using humans in the modern era is not only wrong but also breaches trust with your customers.
It's crazy fast. 3 seconds! Your customers will thank you for providing a superior and delightful product experience.
Veryfi's Customer Support is the finest you will come across. We not only have a private Slack channel with your developers and product staff but we regularly check in to make sure all is ticking along well. We value every single customer because your success is also our success.
14 DAY TRIAL
Start your FREE 14 day trial today:
https://hub.veryfi.com/signup/api/
ABOUT W2
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.
This deadline gives these taxpayers about 2 months to prepare their returns before the April 15 income tax due date. The form is also used to report FICA taxes to the Social Security Administration. The Form W-2, along with Form W-3, generally must be filed by the employer with the Social Security Administration by the end of February. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service.