Changes to W2 &1099 Forms for 2024
E-FILING REQUIREMENTS
If you have 10+ W2 and 1099 forms, combined, per EIN, you MUST electronically file Copy A with the IRS and SSA for the 2024 tax year.
This change was made in 2023 and still applies. It affects most businesses, and penalties apply if you don’t e-file – up to $300 per form!
Discount Efile makes it easy to e-file on time, plus print and mail recipient copies in one easy step.
1099 Changes for 2024
1099 Form Due Dates for 2024.
1099NEC forms must be mailed to recipients and e-filed or mailed to the IRS on or before January 31, 2025.
For other 1099s, file by February 28, 2025, if you file on paper, or by March 31, 2025, if you file electronically.
The due dates for furnishing payee statements remain the same.
E-Filing Requirements
For the 2024 tax year, businesses with 10+ W2 and 1099 forms, combined, per EIN, are required to electronically file Copy A forms with the IRS or SSA. Learn More >
E-Filing Requirement Changes
The e-file threshold for the 2024 tax year is only ten (10) W2 and 1099 forms, combined, per EIN.
For example, if your business has to file 5 1099NEC forms and 5 W2 forms, you must e-file the red Copy A forms with the IRS and SSA by January 31, 2025.
This applies to ANY combination of 10 or more of ANY type of 1099 or W2 forms, except correction forms. Here is a great article with insights to the changes.
Penalties apply if you don’t – $60 per form if you file on time and up to $310 per form if you file late.
Dateless 1099 Forms
Many 1099 Forms Now Require You to Fill in the Year
The dateless format introduced in 2022 requires you to fill in the year on each form. A software update is required. The new dateless 1099 forms are:
- 1098
- 1099A
- 1099C
- 1099CAP
- 1099DIV
- 1099G
- 1099INT
- 1099K
- 1099LTC
- 10999MISC
- 1099NEC
- 1099OID
- 1099Q
- 1099S
- 1099SA
These forms have minor formatting changes to accommodate the new format.
1099-NEC Form Changes
1099-NEC are used when business taxpayers to report payments of nonemployee compensation.
You must must complete this form to report any payment of $600 or more to a payee such as a contractor, freelancer, attorney and others.
1099-NEC forms are dateless
Starting last year, you must fill in the year on each 1099NEC form. If you use software to print forms, you need to update your system to accommodate this important change.
Other 1099-NEC Form Changes for 2023
There were no changes to the 1099NEC form for 2023.
Generally, this form is due by January 31st – to be mailed to the recipient and mailed or e-filed with the IRS.
There is no automatic extension for this form but may be available under certain hardships.
Nonemployee compensation may be subject to backup withholding if a payee has not provided a taxpayer identification number to the payer or the IRS notifies the payer that the TIN provided was incorrect.
More information about this form can be found here: Form 1099-NEC, Nonemployee Compensation
1099-MISC Form Changes
Changes to 1099-MISC Forms
There are no changes to 1099MISC forms for 2023.
1099 Rules that can make or break you
W-2 Changes for 2024
Due Date for W2 Copy A
January 31, 2025 is the deadline for W-2 Forms for tax year 2024.
This includes: W-2, W-2AS, W-2CM, W-2GU, W-2VI, W-3 and W-3SS with the SSA. The due date is now January 31 whether you file using paper forms or electronically.
You no longer get more time to e-file or print and mail copies to the SSA.
E-Filing Requirements
For the 2024 tax year, businesses with 10+ W2 and 1099 forms, combined, per EIN, are required to electronically file Copy A forms with the IRS or SSA. Learn More >
W2 Efiling Requirement Changes
The e-file threshold for the 2024 tax year is only ten (10) W2 and 1099 forms, combined, per EIN.
For example, if your business has to file 5 1099NEC forms and 5 W2 forms, you must e-file the red Copy A forms with the IRS and SSA by January 31, 2025.
This applies to ANY combination of 10 or more of ANY type of 1099 or W2 forms, except correction forms. Here is a great article with insights to the changes.
Penalties apply if you don’t – $60 per form if you file on time and up to $310 per form if you file late.
Good News!
There were no major changes to W2 forms for 2023.
Deadlines for 2024 1099 & W-2 Filing
January 31, 2025
All 1099 Recipient Copies B / C / 2 mailed to recipient
W-2 Employee Copies B / C / 2 mailed to employees
1099NEC Copy A forms to IRS*
W2 Copy A to IRS*
>> E-FILE RULES FOR 2024 << Businesses with 10+ 1099 and W2 forms combined MUST e-file Copy A forms with the IRS or SSA.
February 28, 2025 – Paper 1099 Copy A forms to IRS
1099 Form Copy A, along with 1096 Transmittals, mailed to the IRS for all 1099 forms except 1099-NEC with non-employee compensation, which are due January 31.
April 1, 2025 – E-file 1099 forms with IRS
1099 Forms E-filed to the IRS, except 1099-NEC with non-employee compensation, which are due January 31.