Policy Pop: 2026 W-2 Reporting Changes: Box 14b, Code TP, and Code TT

The 2026 Form W-2 introduces new reporting requirements for qualified tips and qualified overtime compensation, creating important year-end considerations for payroll teams. This 50-minute Policy Pop will break down the 2026 Form W-2 changes, including Box 12 Code TP for cash tips reported to the employer, Box 12 Code TT for qualified overtime compensation, and Box 14b for Treasury Tipped Occupation Codes.

With W-2 processing ahead, payroll professionals need to understand not only what belongs in these new reporting fields but also what payroll data must be tracked and validated. This session will focus on practical payroll execution, including how qualified overtime differs from total overtime pay, how cash tips and tipped occupation codes should be validated, what questions payroll teams should ask vendors now, and what system checks, employee communication, and year-end validation steps should be completed before producing 2026 Forms W-2.

• Identify the 2026 Form W-2 changes related to qualified tips, qualified overtime compensation, and Treasury Tipped Occupation Codes.
• Explain the purpose of Box 12 Code TP, Box 12 Code TT, and the new Box 14b reporting field.
• Distinguish total overtime pay from qualified overtime compensation reported under Code TT.
• Review the payroll data needed to validate cash tips, qualified overtime compensation, and tipped occupation coding.
• Prepare vendor questions, system checks, employee communication, and year-end validation steps before W-2 processing.

By attending this Policy Pop, payroll professionals will gain a clearer understanding of what goes into each new 2026 Form W-2 reporting field and what needs to be reviewed before year-end processing. Participants will leave better prepared to validate payroll data, work with vendors, and address key reporting requirements before producing 2026 Forms W-2.