OBBBA Effect on Taxes

employee relationshipsgovernment regulations
Written By Hennrietta Smith

On Nov. 5, 2025, the U.S. Department of the Treasury and IRS issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements on cash tips and qualified overtime compensation under the One Big Beautiful Bill Act to ensure that reporting is correct. A search on “IRS guidance on no tax on overtime” will lead the reader to useful information.

Hennrietta Smith
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