Updated Guidance for Employers Regarding 2025 Reporting Obligations for Qualified Tips and Qualified Overtime Compensation Under the One Big Beautiful Bill Act
As summarized in a prior legal update, the federal One Big Beautiful Bill Act impacts employers in a variety of ways. On November 5, 2025, the Internal Revenue Service and US Treasury Department provided updated guidance regarding employer reporting obligations for the 2025 tax year.
Important Considerations for Employers Regarding the One Big Beautiful Bill Act and Its Provisions Addressing Deductions for Qualified Tips and Qualified Overtime
The federal One Big Beautiful Bill Act impacts employers in a variety of ways. This legal update discusses some of those impacts with regard to tip and overtime compensation.