The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, ...
The Southern Maryland Chronicle on MSN

IRS Eases Tip, Overtime Reporting Rules for 2025

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...
The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on ...
On April 23, 2024, the United States Department of Labor (DOL) released its highly anticipated final overtime rule, which increases the threshold salary levels for the “white collar” and “highly ...
The IRS issued guidance Wednesday providing penalty relief for employers from reporting requirements in President Donald Trump’s new tax law on tips and overtime.