IRS Releases 2018 W-2 Specifications

May 14, 2018 Adam Rivera
  • Record Changes
    • A new Box 12 Code GG money field, Income from Qualified Equity Grants Under Section 83, has been added to the:
      • RO (Employee Optional) Record in positions 122 - 132
      • RU (Total Optional) Record in positions 160 – 174
    • A new Box 12 Code HH money field, Aggregate Deferrals Under Section 83 Elections as of the Close of the Calendar Year, has been added to the:
      • RO (Employee Optional) Record in positions 133 - 143
      • RU (Total Optional) Record in positions 175 – 189
    • Other Changes
      • The Social Security Wage Base for tax year 2018 is $128,400.
      • The employer and employee tax rate for Social Security will be withheld at 6.2 percent (up to $7,960.80).
      • New Section 2.1.2 “RE (Employer) Record Reporting for 2678 Agents, 3504 Agents and Common Paymasters”
      • Established a valid beginning tax year range of 2017 for Code FF money field, Permitted Benefits Under a Qualified Small Employer Health Reimbursement Arrangement, in positions 474 – 484 in the RW (Employee) Record and positions 400 – 414 in the RT (Total) Record
      • New Box 12 Codes GG, Income from Qualified Equity Grants Under Section 83, and HH, Aggregate Deferrals Under Section 83 Elections as of the Close of the Calendar Year, were added to the list of RO (Employee Optional) Record correctable money fields.

To view the W-2 Specifications, please click here.

About the Author

Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.

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