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.