- 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.
- A new Box 12 Code GG money field, Income from Qualified Equity Grants Under Section 83
To view the W-2 Specifications, please click here.