New law accelerates federal W-2 filing due date next year
Posted On: 2-8-2016 | Posted By: WK Staff
Employers will be required to file Form W-2 by January 31 each year, beginning in 2017 for the 2016 tax year. Currently, the W-2 is due to the Social Security Administration by the end of February if filing paper forms and March 31 if filing electronically.
The Consolidated Appropriations Act of 2016, which President Obama signed into law in December, includes a provision requiring the accelerated W-2 and W-3 filing due date. The change is intended to give the Internal Revenue Service more time to process employer-provided data in order to coordinate with the issuance of tax refunds.
Missouri currently requires employers to submit W-2 data by the last day of February. We will continue to monitor the issue and let you know if the state opts to follow the federal filing deadline next year.