Mary Stuart King

Mary Stuart King

Maynard Nexsen

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Preparing for Potential Payroll Changes: What Employers Need to Know About the No Tax on Tips Act and OBBBA

On May 20, 2025, the No Tax on Tips Act, a standalone bill that would effectively exempt up to $25,000 in tips from federal income tax for certain workers, passed by unanimous consent in the Senate. Shortly thereafter, on May...more

6/19/2025  /  Compensation & Benefits , Employer Responsibilities , Income Taxes , New Legislation , Over-Time , Payroll Taxes , Proposed Legislation , Tax Credits , Tax Deductions , Tipped Employees
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