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In its nearly 900 pages, the “One Big Beautiful Bill Act,” passed by Congress in July, includes a change to how tipped workers are taxed. The new “no tax on tips” provision is retroactive to the start of 2025 and runs through 2028. It allows eligible employees to claim an above-the-line deduction of up to […]
On July 4, 2025, President Trump signed into law a nearly 900-page bill that includes several provisions that will affect private-sector employers, including increased tax deductions, changes to Medicare eligibility requirements, and increased challenges to immigration compliance. Bonus Depreciation and IRC Section 179 Expense Limit The new bill—formally entitled, “An Act to provide for the […]