Beginning in 2025, new federal rules under the One Big Beautiful Bill Act (OBBBA) introduced reporting and deduction provisions related to overtime compensation. While core Fair Labor Standards Act (FLSA) overtime rules remain unchanged, employers and employees should prepare for changes in how overtime is tracked, documented, and reported for tax purposes.
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INFORMATIONAL PURPOSE ONLY. This content is for informational purposes only. This content does not constitute professional advice and should not be relied upon by you or any third party, including to operate or promote your business, secure financing or capital in any form, obtain any regulatory or governmental approvals, or otherwise be used in connection with procuring services or other benefits from any entity. Before making any decision or taking any action, you should consult with professional advisors.
