Starting in 2016 penalties are waived for small-dollar errors on Form W-2 and the various Form 1099s. The new law establishes a safe harbor for de minimis errors on information returns and payments. Issuers of information returns and payee statements won’t be subject to penalties for failure to file correct information returns and failure to furnish correct payee statements if the error was $100 or less ($25 or less for errors involving tax withholding). The issuer also won’t be required to file a corrected return. Protecting Americans from Tax Hikes Act of 2015 (PATH Act).