OBBBA Payroll Updates – Qualified Tips & Qualified Overtime Reporting (2026-2028)
Starting in 2026, new federal guidance may change how certain tips and overtime wages are tracked and reported on employee Forms W-2. While payroll withholding is not changing, employers may need to review payroll setup to ensure earnings are coded correctly—especially for distinguishing qualified vs. non-qualified tips and qualified vs. non-qualified overtime for reporting purposes. Please note: Payroll withholding requirements have not changed. Qualified [...]