News & Analysis as of

New Legislation Business Taxes Tipped Employees

Jackson Lewis P.C.

The Federal Tax Deductions for Tips and Overtime Pay: Opportunities for Restaurants Employers

Jackson Lewis P.C. on

The One Big Beautiful Bill Act contains new, temporary laws, including available tax deductions for earnings on tips for tipped employees and overtime wage earnings of all employees. ...more

Kelley Drye & Warren LLP

What’s in the Newly Enacted One Big Beautiful Bill Act

On July 4, 2025, President Trump signed into law the ​“One Big Beautiful Bill Act” (the ​“2025 Act”). The Act makes permanent some provisions originally enacted in 2017 as part of the Tax Cuts and Jobs Act (the ​“2017 Act”),...more

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