Latest News
Truncated Social Security Numbers to be Allowed on W-2s Beginning in 2021
In a move designed to assist employees in protecting the privacy of their personal financial data, the Internal Revenue Service (IRA) has authorized employers to redact the first five digits of employees’ Social Security numbers on Forms W-2 produced after 12/31/2020. The ruling–Treas. Reg. § 301.6109-4–applies to the employee copies of the document (copies B and C), while Copy A will still need to contain the full Social Security Number. Read the details of this ruling here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.