Trump’s New Overtime & Tip Taxation

In our interactive, instructor-led 100-minute event, you will learn how to navigate the sweeping tax changes introduced by the “One Big Beautiful Bill Act” — including the new exemption of overtime and tip income from federal taxation, retroactive to January 1, 2025. You’ll gain clarity on what qualifies as tax-exempt compensation, how to revise wage and tax reporting for both past and future pay periods, and what actions must be taken to remain compliant.

Join us, and you’ll discover:

• What portions of overtime and tip income are now federally tax-exempt - and what still gets taxed
• How to adjust paycheck calculations and federal tax reporting now and retroactively
• Which forms and payroll systems must be updated, and how to do it smoothly
• How to clearly communicate changes to confused or concerned employees
• Clear explanation of specific – and confusing - sections of the law  

Program Highlights

Impact of the One Big Beautiful Bill on Payroll & Employers

• How to interpret the official wording of the new legislation vs. media summaries
• How the bill defines overtime and tip payments and thresholds for tax exemptions
• effective date of the law and how it impacts both past and future pay periods

Adapting Payroll Process for Now & Year-end Compliance

• Solutions for updating paycheck calculations to reflect tax-free income
• Techniques for adjusting payroll workflows and software configurations
• Methods to align year-end procedures and ensure accurate tax filing

Clearly Explaining the Law & Its impact to Employees 

• Ways to prepare clear messaging to explain changes to your workforce
• The top 5 employee questions you’ll be asked — and how to answer them
• Strategies for updating internal training materials and onboarding content

Question & Answer Session – have your specific questions answered!

ABOUT THE SPEAKER

Tricia Richardson

Tricia Richardson, CPP, SPHR, SHRM-SCP provides clients with direct payroll assistance, information, education, consultation, and even empathy, in her role as a Consultant.Tricia has more than 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.). Tricia is a Payroll and Human Resource “nerd” who enjoys reading Internal Revenue Code.