SSA Releases 2018 W-2C Specifications

May 14, 2018 Adam Rivera

The SSA has released its 2018 W-2C Specifications. There are a number of changes from the previous revision:

  • Record Changes
    • A new Box 12 Code GG money field, Originally Reported and Correct Income from Qualified Equity Grants Under Section 83, has been added to the:
      • RCO (Employee Optional) Record in positions 233-243, 244-254
      • RCU (Total Optional) Record in positions 311-325, 326-340
    • A new Box 12 Code HH money field, Originally Reported and Correct Aggregate Deferrals Under Section 83 Elections as of the Close of the Calendar Year, has been added to the:
      • RCO (Employee Optional) Record in positions 255-265, 266-276
      • RCU (Total Optional) Record in positions 341-355, 356-370
    • RCT Position 71-85 (Totally Originally Reported Social Security Wages), and 206-220 (Total Correct Social Security Tips) has new instructions:
      • If the Employer’s Correct Employment Code is H (Household) and the tax year is 1994 or later, this field must be zero or equal to or greater than the annual Household minimum for the tax year being reported
    • 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).
      • The 2018 Social Security and Medicare coverage threshold for Household wages is $2,100.
      • New additions to “Money Fields That Are Maintained by SSA on an Employee’s Earnings Record:
        • Simple Retirement Account
        • Aggregate Deferrals Under Section 83Elections as of the Close of the Calendar Year
      • New Addition to Money Fields Not Maintained by SSA:
        • Income from Qualified Equity Grants Under Section 83
      • New Section 2.1.2 “RCE (Employer) Record Reporting for 2678 Agents, 3504 Agents and Common Paymasters”

To view the W-2C 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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