The IRS has released form W-2 for tax year 2026, which is used for employment-related payments including income, and withholding.
A new box has been added to the form. Box 14b is for reporting the “Treasury Tipped Occupation Code,” used to indicate tips and occupation codes qualifying for tax exemption on tips.
New box 12 codes have been added. Code “TA” is used for section 128 account contributions, code “TP” reports the cash tips reported to the employer, and code “TT” indicates the total amount of qualified overtime compensation. Code “TP” may also be useful in the new box 14b.
The IRS has not yet released the 2026 instructions for form W-2. The instructions for the form are likely to provide additional direction on the use of the new box and codes.
