Locksmiths
Definition
Repair and open locks, make keys, change locks and safe combinations, and install and repair safes.
W-2 Filing Instructions
Enter "408" in Box 14b (TTOC). Report qualified tips in Box 12 using Code TP.
Also Known As
Related SOC Codes
Common Examples
Safe installer, key maker
No Tax on Tips eligibility
Locksmiths are on the Treasury's tipped-occupation list, so tips earned in this role can qualify for the No Tax on Tips federal deduction — up to $25,000 per year in qualified tips for tax years 2025–2028 (income limits apply; FICA taxes still apply to tips).
Estimate your savings with the No Tax on Tips calculator · Who qualifies
FAQ: TTOC code 408
What is TTOC code 408?
TTOC code 408 is the Treasury Tipped Occupation Code for locksmiths. Repair and open locks, make keys, change locks and safe combinations, and install and repair safes.
Where does TTOC code 408 go on the W-2?
Enter "408" in Box 14b (TTOC). Report qualified tips in Box 12 using Code TP.
Do locksmiths qualify for the No Tax on Tips deduction?
Yes — locksmiths (TTOC 408) are on the Treasury's tipped-occupation list, which defines the occupations eligible for the No Tax on Tips deduction of up to $25,000 per year in qualified tips (2025–2028, income limits apply). FICA taxes still apply to tips.
Related Codes in Home Services
Need help with TTOC compliance?
Use the bulk mapper to map codes for your whole staff, or read our guides.