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Qualified Overtime and Qualified Tip

danhuacpa26
Level 1

Starting in 2026, the employers need to keep track of Qualified Overtime and Qualified Tips amount for each employees. How are you setting up in EasyAcct? For the tips, it is easy. For the overtime, how do we suppose to to since only the the extra "half" of "time-and-a-half" compensation is qualified for no tax purposes?

2 Comments 2
jmabc
Level 1

Until the W2s are updated, We just added code 14 to our Overtime GP Code.  That allowed us to have the overtime amount printed on the 2025W2s.

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jportermwc
Level 1

Are you then manually doing the necessary calculation and then manually entering the information in box 14?

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