W2 2.7z.002 File

Beginning , a new type of traditional individual retirement account—known as a Trump account—can be established for employees' children under 18.

The taxable amount for Social Security is capped at $176,100 for 2025 (reported on the 2026 W-2). W2 2.7z.002

As the 2026 tax season approaches, employees and employers need to prepare for specific updates to the Wage and Tax Statement (Form W-2) reporting. While the fundamental structure of the W-2 remains, 2026 introduces new employer-provided contribution options that may appear in Box 12. 1. New for 2026: Trump Account Contributions Beginning , a new type of traditional individual