The IRS has released a draft version of the 2026 Form W-2, Wage and Tax Statement, which adds new fields to accommodate the tax exemptions on tips and overtime income from the “One Big Beautiful Bill Act.” On July 4, 2025, President Trump enacted the One Big Beautiful Bill Act, introducing significant changes to tax […] The post IRS Issues Draft 2026 Form W-2 to Address Tips and Overtime Tax Exemption Reporting first appeared on THInc.
