Using the Determine OBBBA Qualified Tips action

The Determine OBBBA Qualified Tips action computes for the qualified tips and store the values in the Employee Configurable Field parameter under the OBBBA Codes section.

The calculated Qualified Tips amount is reported in the W-2 file Box 12 with code TP. This value is stored in EmployeeConfigurableFields.CodeTPQualifiedTips and is included in the existing Box 12 CSV field output.

Up to two TTOCs, are reported in W-2 Box 14b. These fields are included in the W-2 CSV file.

• Box 12 Code TP: Qualified tips are accumulated when the employee has pay codes where the Pay Summary Group Tips filed is set to Direct or Indirect (1 or 2). The amounts are accumulated when the employee time record’s job has a corresponding TTOC defined in the Treasury Tipped Occupation Code Mapping
• Box 14b: If an employee has reported tips but are not qualified for OBBBA exemption, 000 is stored in one of the TTOC code fields. The TTOC with the highest total of tips is reported in Box 14b.