Summary of Changes - 2025
Consolidated Documentation: ✔ Year-End documentation moved to online documentation. Only technical install and tax table data will be accessed from PowerSource
New Common Code for the Escape Sequences for Printing 1099s: ✔ CK99/CK666xxx
New Common Code for Forms Control of Printing Pressure Sealed 1099s: ✔ SYFC/SPFM99MZ and SYFC/SPFM99NZ
Changes to Combined Federal and State Filing for Oregon and Michigan: ✔ These two states will need to update Common Code CK99/COMBXX to the following. Common Code CK99/COMB06 Associated Codes, set Code 1 to N for Michigan. CK99/ COMB09 Associated Codes Codes, set Code 1 to Y for Oregon.
Optional Duplex Printing ✔ Find setup in Forms Printing
Overtime Reporting: ✔ No new W-2 requirement for overtime in 2025. This remains unchanged. We will provide instructions on including overtime information in Box 14 for 2025 for those who can verify that only qualifying overtime is being included in the reporting. Determining this is the district’s responsibility.
Forms Printing:
✔ Blank front forms: Supported as a preference.
✔ Optional duplex backs/instructions and attachments: Supported and configurable.
IRIS CSV File BETA: ✔ Limited pilot for selected customers.
1095-C Request Process in EO: ✔ Accommodating this process is valid; ensure documentation includes request flow and timing.
W-2 Electronic Filing: ✔ No record layout changes for TY2025 confirmed by SSA.
Golden Parachute Reporting ✔
Excess golden parachute payments move from 1099-MISC to 1099-NEC, Box 3 starting in 2025.
Instruction file for both MISC and NEC i1099msc.pdf.
Social Security Wage Base for 2026 ✔
The 2026 Social Security taxable earnings limit is $184,500.
1099-NEC and 1099-MISC Instructions ✔
Continuous-use format confirmed for both forms.
Use IRS.gov/Form1099NEC for the most recent NEC form.
Use IRS.gov/Form1099MISC for MISC.
Instructions are consolidated at i1099msc.pdf.
1099-NEC and 1099-MISC Reporting Threshold Change (Effective Jan 1, 2026) ✔
In 2026, the minimum reporting for both forms will increase from $600 to $2,000.
This needs to be changed after processing 1099-NEC and 1099-MISC for the current year.
To make the change update CK99/FILEINFO Numeric Value 5, with the updated amount.