A draft 2024 Form W-2 released April 28 by the Internal Revenue Service is similar to the 2023 form after the agency canceled plans for a redesign.
The draft includes a new code II for Box 12, for Medicare waiver payments excluded from income under Notice 2014-7. The note to employers on the back of Copy D also notes the change of the e-filing threshold to 10 forms in 2024.
Some dollar amounts in the instructions to employees were placeholders to be filled in later in 2023.
The IRS planned to redesign the form for 2024 by compressing employee ...
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