A paycheck stub is the portion of a paper paycheck that the employee keeps after cashing their payroll check. Information typically included on the paycheck stub includes the number of hours worked, the amount paid to the employee, a breakdown of taxes paid and a list of various deductions.
Paycheck stubs serve as proof of income and are often requested by various government agencies, lenders and landlords. Since they contain all income information including the total amount earned for the year, stubs are a reliable way to track salary, taxes paid, bonus information, insurance premiums, overtime pay and vacation pay. According to ClearPoint Financial Solutions, pay stubs include federal, state and local tax information.