04:05 Issue 14

Law Clarity ayroll

This isn’t the first time major provisions impacting employment taxes have passed without necessary details for carrying them out, but the One Big Beautiful Bill Act (OBBBA, P.L. 119-21), enacted July 4, adds a good deal of complexity to what’s becoming a summer of uncertainty for many in the U.S. payroll community. In General F or payroll professionals in the U.S. concerning the OBBBA, there remains a lot to process. Most impactful is that, retroactive to the beginning of 2025, there are two major changes: the elimination of taxes on some overtime pay and some tips received by workers. Hyped during the presidential campaign in 2024, the end result is

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ISSUE 14 GLOBAL PAYROLL MAGAZINE

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