Shedding light on the ‘No Tax on Overtime’ Sec. of the OBBBA

Shedding light on the ‘No Tax on Overtime’ Sec. of the OBBBA

The One Big Beautiful Bill Act (OBBBA) introduced a major change for millions of American workers: overtime pay will no longer be taxed at the federal level. Beginning in 2025, eligible employees can deduct qualified overtime wages directly from their taxable income,...
Shedding Light on the ‘No Tax on Tips’ Sec. of The OBBBA

Shedding Light on the ‘No Tax on Tips’ Sec. of The OBBBA

A new federal tax provision goes into effect retroactively, starting January 01, 2025, that could put more money directly into the pockets of tipped workers. Under Section 70201 of the One Big Beautiful Bill Act, qualifying tips can now be deducted from taxable income...
A Manager’s Guide to Employee Questions About the OBBBA

A Manager’s Guide to Employee Questions About the OBBBA

Ever since July 4th, when President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, employers across the country have been fielding a wave of questions from their teams.  From “When will my paycheck go up?” to “Do I still pay taxes on tips?” — the...