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The process for correcting errors on a W-2 form, including the role of the Internal Revenue Service and the Social Security Administration.
The includes new box 12 codes — notably TP for qualified tips and TT for qualified overtime compensation in draft guidance — and released a final 2026 form that incorporates changes tied to recent fed...
When overtime withholding is misreported on a Form W-2, the employer is responsible for fixing the return and reissuing a corrected Form W-2c to the employee and the SSA, and may need to adjust prior-...