In a sweeping move set to reshape employee paychecks, the newly enacted One Big Beautiful Bill Act (OBBBA) introduces two significant federal tax deductions for hourly workers: one for overtime pay and another for tip income....more
8/5/2025
/ Fair Labor Standards Act (FLSA) ,
Income Taxes ,
New Legislation ,
One Big Beautiful Bill Act ,
Over-Time ,
Payroll Taxes ,
Reporting Requirements ,
Tax Deductions ,
Tax Relief ,
Tipped Employees ,
Wage and Hour