The IRS has released the 2026 W-2VI, the wage reporting form for Virgin Island earners.
The 2026 version of the form adds box 14b for reporting qualifying tipped income codes. The instructions for the recipient, included with the form, includes information on income codes. The 2026 edition adds descriptions for codes TA (reporting 230A contributions), TP (reporting cash tips), and TT (reporting overtime payments). The instructions also update the FICA and elective deferral limits for 2026.
To review form W-2VI, follow this link.
