New
Surgent's Taxation of Tips and Overtime Under OBBBA
Wednesday, March 25, 2026
1-3 p.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 25WS-2454
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Arguably the most discussed topics to come out of the One Big Beautiful Bill Act (OBBBA) are the taxation of tips and overtime. Practitioners need to understand these provisions now, as they are effective for 2025 tax returns. This program provides practitioners with the background currently available to advise clients regarding these two important tax developments. Both employers and employees need to understand these timely changes to taxation.
Major subjects
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$12,500 deduction per individual for qualified overtime pay
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Payment of overtime under the Fair Labor Standards Act (FLSA)
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Calculating the "premium portion" of the extra half-time pay
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Social Security and Medicare withholding
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Employer furnishing the record of qualified overtime compensation to employees
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Definition of a qualified tip
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IRS list of traditionally-tipped occupations
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$25,000 deduction for reported tips
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The transition rule allowing employers to indicate the approximate amount designated as tips or overtime
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State tax issues relating to tips and overtime
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Changes in the W-2 reflecting new employer reporting responsibilities
Learning objectives
-
Expertly advise clients regarding the latest on taxation of tips and overtime emanating from OBBBA
Who should take this program?
- All accounting and finance practitioners
Pricing
|
Standard Member Fee |
$119.00
|
 Standard Nonmember Fee |
$119.00
|
Our records indicate
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$119.00
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Instructor
Michael Tucker, PhD, LLM, JD, CPA
Location
Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Basic
Format
Group Internet Based
Sponsor
NASBA ID#: 103212
Prerequisites
Prereq.
None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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