W-2 box 12 codes TT and TP, decoded
Your 2026 W-2 is the first with separate codes for overtime and tips. Type in what yours says and see what it means for your deductions.
By the Sproutcalc team · Figures last checked · How we calculate
What your W-2 says
TT: qualified overtime$3,900
TP: cash tips$6,200
14b: occupation 102Wait staff
TA: employer Trump Account money$0
Both amounts can go on Schedule 1-A. Your tips qualify because 102 is on the IRS list.
Where to look on your W-2
The new codes at a glance
| Where | What it reports | Used for |
|---|---|---|
| Box 12, code TT | Qualified overtime: only the half part of time-and-a-half | Schedule 1-A, Part III |
| Box 12, code TP | Cash tips reported to the employer, including card and shared tips | Schedule 1-A, Part II |
| Box 14b | Up to two Treasury Tipped Occupation Codes. 000 means a job not on the list | Shows whether tips qualify |
| Box 12, code TA | Employer contributions to a Trump Account | Not taxed, counts toward the $5,000 yearly limit |
If a number looks wrong
Ask your employer for a corrected Form W-2c. For overtime, the IRS says you can only use the amount your W-2 shows, so an uncorrected low number limits your deduction.