Tax and finance · Reinvent NY glossary
The W-2 (Wage and Tax Statement) is an annual form that employers must provide to employees by January 31, showing total wages earned and taxes withheld during the previous year — including federal income tax, state income tax, Social Security tax (6.2%), and Medicare tax (1.45%). Employees use W-2 information to file their federal (Form 1040) and state tax returns. The form also shows employer-provided benefits like health insurance and retirement contributions. If you worked for multiple employers, you will receive a W-2 from each one.
The four states international buyers ask about most: New York up 5.2% on the year, California at a 4.22% yield, and what Texas and Florida really cost.
Indiana, Missouri and Ohio in 2026: state gains of 3-3.5% on the year with yields of 5.75-6.61%, and the secondary cities quietly outperforming the metros.
Baltimore in 2026: a $192,669 typical value, $1,799 rents and an 11.2% gross yield — the highest on the Northeast corridor, and what the price is telling you.
Ohio in 2026: a $251,502 state median up 3.5% on the year, with Cleveland at a 14.13% gross yield and Columbus at 6.96% — and what separates the two.
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