Important 2026 W-2 & 1099 Tax Form Changes
New IRS reporting updates may affect W-2, 1099, 1098, 5498, W-2G, and 1042-S forms for the 2026 tax year.
Why These 2026 Tax Form Changes Matter
Businesses, payroll providers, accountants, and tax preparers should review the 2026 tax form updates before ordering year-end forms. Several IRS forms now include new reporting boxes, revised address fields, updated penalty amounts, and reprogramming requirements.
Key 2026 W-2 Changes
- Box 14 has changed: Box 14 is now split into Box 14a and Box 14b.
- New Box 14b: Used for Treasury Tipped Occupation Code(s).
- New Box 12 codes: Code TP for cash tips, Code TT for qualified overtime, and Code TA for certain employer contributions.
- Wage reporting threshold: For wages paid after 2025, the threshold increases from $600 to $2,000 when no federal income tax, Social Security, or Medicare tax was withheld.
Penalty Increases for Information Returns
Penalties for failure to file or furnish correct information returns have increased for returns required to be filed after December 31, 2025. Businesses should order the correct forms early and confirm filing requirements before deadline season.
$60
Per return if corrected within 30 days of the due date.
$130
Per return if corrected more than 30 days late but by August 1.
$340
Per return if filed after August 1 or not filed correctly.
$690+
Per return for intentional disregard, with no maximum penalty.
Forms With Address Field Changes
The IRS separated address fields into individual entry boxes on several forms. New form stock may be required for:
- 1098-E
- 1098-T
- 1099-B
- 1099-SA
- 5498-ESA
- 5498-SA
- W-2G
- 1042-S
W-2G and 1042-S Updates
Form W-2G includes updated reporting guidance, including sports wagering information and a 2026 reporting threshold of $2,000. Form 1042-S includes separated address fields and updated chapter 3 exemption code requirements.
Order 2026 Tax Forms Early
Make sure your business has the correct W-2, 1099, 1098, 5498, W-2G, and 1042-S forms before tax season begins.
Shop Tax FormsThis page is for general informational purposes only and is not tax or legal advice. Always confirm requirements with the IRS or a qualified tax professional.