An additional draft of the 2026 Form W-2, released Dec. 18 by the Internal Revenue Service, allows two Treasury tipped occupation codes to be reported in the new Box 14b.
The draft‘s instructions to employees add that code 000 is used when tips received are not qualified tips eligible for the deduction added by the One Big Beautiful Bill Act (Pub. L. 119-21). The instructions clarify that “cash tips,” which are reported using the Box 12 code TP, also include tips charged by customers or received through a tip-sharing agreement. The unused Box 9 was resized to add more ...
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