In an effort to thwart identity theft, when employers complete W-2s for employees, they can use truncated Social Security numbers (SSNs). This means providing these numbers such as ***-**-1234 or XXX-XX-1234. This won’t apply to W-2s filed in 2020 reporting 2019 earnings; it applies to W-2s required to be filed after December 31, 2020. Although truncated SSNs can be sent to employees, the full SSNs must be used on copies of W-2s submitted to the Social Security Administration.
New blog post today! Looking Ahead at Taxes for Self-employed Individuals
