W2 - 2.7z.002

As the 2026 tax season approaches, employees and employers need to prepare for specific updates to the Wage and Tax Statement (Form W-2) reporting. While the fundamental structure of the W-2 remains, 2026 introduces new employer-provided contribution options that may appear in Box 12. 1. New for 2026: Trump Account Contributions

Employers must withhold an additional 0.9% on FICA wages exceeding $200,000 in a calendar year. 5. Essential W-2 Best Practices for 2026 2026 General Instructions for Forms W-2 and W-3 - IRS

Box 14 is used by employers to report non-standardized information such as union dues, health insurance premiums, or state disability insurance. W2 2.7z.002

Beginning , a new type of traditional individual retirement account—known as a Trump account—can be established for employees' children under 18.

Employer contributions to these accounts are reported in Box 12, Code TA . As the 2026 tax season approaches, employees and

Based on the context of W-2 tax forms for the upcoming 2026 tax season,

These contributions are excluded from the employee's gross income. 2. Understanding Box 14: What is "Code Z"? New for 2026: Trump Account Contributions Employers must

The taxable amount for Social Security is capped at $176,100 for 2025 (reported on the 2026 W-2).