News & Analysis as of August 23, 2025

Fair Labor Standards Act (FLSA)

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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

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Tax Relief › Reporting Requirements › Fair Labor Standards Act (FLSA)

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

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