The IRS has recently released Form 1099-MISC (Miscellaneous Information) for tax year 2026 (filing season 2027). This form is used to report miscellaneous income such as rents, royalties, prizes, awards, medical and health care payments, and other income payments.
The payer and recipient information sections have been restructured, with the payer’s information separated from a single box into 8 individual fields and the recipient’s address expanded from 2 boxes to 6 individual fields.
Box 13 has been repurposed into two new separate fields: Box 13a captures cash tips (including tips received in cash or charged), and Box 13b reports up to two Treasury Tipped Occupation Codes (TTOC), which determine whether the tips qualify for the deduction in Part II of Schedule 1-A (Form 1040). If Code 000 is the only code shown in Box 13b, the cash tips are not qualified tips and the amount reported in Box 13a must not be applied to the deduction. Box 14, previously reserved for future use, now reports overtime compensation, which is the basis for calculating the qualified overtime compensation deduction in Part III of Schedule 1-A (Form 1040). Both the cash tips in Box 13a and the overtime compensation in Box 14 are already included in the Box 3 total.
To review Form 1099-MISC in greater detail, click here.
Editor’s Note: At the time of publication, Form 1099-MISC (Tax Year 2026) is not currently accessible on IRS.gov. The IRS has temporarily replaced the form with a placeholder document, and the hyperlink referenced in this article will not resolve to the form as expected. This article will be updated once the form is again available on IRS.gov.
