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New Member
posted Jan 23, 2026 10:13:44 AM

When will the Box 12 code TP be added??

my w2s show a Box 12 code of TP

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2 Replies
Level 15
Jan 23, 2026 10:29:08 AM

That is not a valid code on the 2025 W-2s.  That is for 2026 W-2s.

 

That is the code that will be used in 2026 for qualified tips and you can look for the section that asks about the new tip deduction.

Employee Tax Expert
Jan 23, 2026 10:35:40 AM

Next year - the Box 12 changes are for the 2026 W-2.   You will be asked follow-up questions after you enter the W-2 to get the tip deduction.  

 

Reported tips show up in 2 places on your W-2:

 

  • Box 7 - Social Security tips
  • Box 8 - Allocated tips

These often include credit card tips, cash tips you reported to your employer during the year, and estimated tips that your employer is required to report on your behalf.