May 2023

Release notes

What's new?


New algorithmic checks for W-2 verification

We've added algorithmic checks to identify any discrepancies between the reported wage amounts, taxes paid, deductions, and the standardized calculations used in the industry. It allows for the detection of any alterations or synthetic creations of the documents that do not accurately reflect the income earned or taxes paid.

These checks are based on standardized calculations, such as Social Security tax being 6.2% of pay, and are used to determine if the reported information on the W-2 reconciles with these calculations. Any inconsistencies can indicate that the document has been altered or is synthetically created.

Only customers using the API and Dashboard for Detect on bank statements can access these checks specifically designed for W-2s. To learn more about this algorithmic check, see the W-2 tampering signals page.