The IRS recently released the 2025 Form W-2 (Wage and Tax Statement). The form itself is relatively unchanged, aside from the tax year and OMB number. In the Notice to Employees, dollar amounts have been updated to reflect increases to the maximum annual social security withholding ($10,918.20) and maximum annual railroad retirement taxes ($6,409.20). In the Box 12 Instructions, dollar amounts have been updated to reflect increases to the maximum contributions for SIMPLE Plans ($16,500), certain 403(b) plans ($26,500), and Code G deferrals ($23,500).
The description for Code F has been updated to clarify that it includes elective deferrals made to a Roth SEP IRA. The description for Code S has been updated to clarify that it includes salary reduction contributions made to a Roth SIMPLE IRA.
The due date for filing the 2025 Form W-2 will fall on February 2, 2026, two days later than usual, because January 31, 2026 falls on a Saturday.
