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The Department of Labor has formally rescinded a 2021 rule that made it more difficult for employers to claim a minimum wage tip credit under the Fair Labor Standards Act (FLSA).
Often referred to as the "80/20 plus 30 rule," the Fair Labor Standards Act regulation made it more difficult for employers to claim a minimum wage tip credit.
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News: HR guidance on complying with the federal and state requirements for the minimum wage tip credit.