Schedule1ADesk / 2026 Employer W-2 Box 12 (Code TT / TP) & State 1099-NEC Reconciler

2026 Employer W-2 Box 12 (Code TT / TP) & $2,000/$600 1099-NEC Reconciler

For 2026, employers must separately report each employee's FLSA-only 0.5x overtime premium in W-2 Box 12 Code TT and qualified tips in Box 12 Code TP + Box 14b TTOC. Simultaneously, while the federal 1099-NEC threshold rose to $2,000, several states still enforce a $600 state filing requirement. Reconcile both below and export your CPA audit PDF.

Total Gross Overtime Paid
$0
W-2 Box 12 Code TT (0.5x FLSA)
$0
W-2 Box 12 Code TP (Qual. Tips)
$0
1099-NEC State Trap Alerts ($600–$1,999)
0 Vendors
1. Employer & Primary State Jurisdiction
2. Employee W-2 Box 12 (Code TT & Code TP) Payroll Roster
2026 Employee W-2 Box 12 Code TT (Overtime) & Code TP (Tips) Worksheet
Employee Name Base $/hr FLSA OT Hrs (>40h) State/Double OT ($) Qual. Tips (Code TP) Box 14b TTOC W-2 Code TT (0.5x)
3. 2026 Vendor 1099-NEC ($2,000 Federal IRIS vs. $600 State Threshold Trap)

Payments between $600 and $1,999.99 no longer require a federal 1099-NEC in 2026, but states with fixed $600 statutes (such as MA, PA, MS, WI, CA) still require state reporting.

2026 Unincorporated 1099 Vendor Payment Schedule
Vendor / Contractor Name Vendor State 2026 Total Paid ($) W-9 on File 2026 Federal 1099-NEC ($2,000) 2026 State 1099 Filing Status
4. CPA / Payroll Firm Audit Stamp