The IRS issued proposed regulations defining the tipped jobs that qualify for deduction under the OBBBA, and which will affect employer wage reporting on a tipped employee's Form W-2, Wage and Tax Statement.
The Department of Labor has formally rescinded a 2021 rule that made it more difficult for employers to claim a minimum wage tip credit under the Fair Labor Standards Act (FLSA).
About This Category
News: HR guidance on complying with the federal and state requirements for the minimum wage tip credit.