News & Analysis as of July 12, 2025

Reporting Requirements

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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

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Proposed Legislation › Payroll Taxes › Reporting Requirements

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

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