News & Analysis as of August 24, 2025

Tipped Employees

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

What Employers Need to Know About No Tax on Tips and No Tax on Overtime

Akerman LLP - HR Defense on 8/5/2025

The “One Big Beautiful Bill Act” (OBBBA), the sweeping, comprehensive budget legislation enacted on July 4, 2025, seeks to fulfill several key campaign promises of President Donald Trump. Among those promises, the OBBBA makes...more

OBBB’s new tax deductions on tips and overtime impact employees and employers

McAfee & Taft on 8/5/2025

Earlier this month, President Trump signed the “One Big Beautiful Bill” (OBBB) into law, which contains two key provisions that are likely to be very popular with employees. Those provisions provide federal income tax...more

Unlocking Savings: New Tax Breaks for Overtime and Tips - What Employers Need to Know

Womble Bond Dickinson on 8/5/2025

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

Surprises Await Employers in One Big Beautiful Bill

Foley & Lardner LLP on 7/15/2025

As has been widely reported in the general media, on July 4, 2025, in a White House ceremony that included a flyover by B-2 Stealth Bomber, President Donald Trump signed into law HR1, which is officially known as the One Big...more

H.R.1 Ends Taxes on Tips & Overtime: Employer Guide

Offit Kurman on 7/11/2025

On July 4, 2025, President Donald J. Trump signed H.R.1—the One Big Beautiful Bill Act—into law following its narrow passage in the House of Representatives just days earlier. Touted as the Trump administration’s marquee...more

It’s Official - No Tax on Tips, No Tax on Overtime Through 2028

Ogletree, Deakins, Nash, Smoak & Stewart,... on 7/10/2025

One of President Donald Trump’s 2024 campaign messages was a promise to implement a no-tax-on-tips and no-tax-on-overtime law. On July 3, 2025, the U.S. Congress passed the “One Big Beautiful Bill,” and President Trump signed...more

The One Big Beautiful Bill’s Overtime and Tax Provisions – Employer Consequences

Conn Maciel Carey LLP on 7/7/2025

As we await the House of Representatives’ vote on the One Big Beautiful Bill, let’s highlight two key provisions that may soon impact employers and employees alike. The Senate bill under consideration before the House of...more

House and Senate Overtime and Tip Tax Proposals: What Employers Need to Know

Fox Rothschild LLP on 5/29/2025

Competing House and Senate bills have the potential to reshape how the IRS taxes tips and overtime wages. The Senate recently passed the “No Tax on Tips Act” while the House budget reconciliation bill proposes deductions for...more

No Tax on Tips Act: How Taxpayers Can Prepare

Amundsen Davis LLC on 3/13/2025

Tipping has been part of the modern-day American restaurant experience for decades. Like most forms of income, these tips are taxable and subject to income tax. But what if this income was free from income tax liability?...more

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