Guidance for Departments December 3, 2025
Important: New “No-Tax Overtime” Provision under One Big Beautiful Bill Act
To: All CFOs and Payroll Directors From: Tryntje Bumgardner, Assistant Comptroller, Payroll & Payments As you are hopefully aware, the One Big Beautiful Bill Act (OBBBA) includes new federal tax provisions related to overtime compensation. Beginning with Tax Year 2025, employers are required to report the total amount of “qualified overtime compensation” – the Fair…
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