Tag: One Big Beautiful Bill Act
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No Tax on Tips and Overtime: What the IRS’s New 2026 Payroll Rules Mean
The One Big Beautiful Bill Act’s tips and overtime deductions now depend on new 2026 Form W-2 reporting codes TP and TT, since the penalty relief that covered 2025 filings does not extend to 2026. This piece explains the new reporting mechanics and the payroll steps to confirm before year end.
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OBBBA One Year Later: What Changed for Small Business Owners in 2026
One year after the One Big Beautiful Bill Act, bonus depreciation, Section 179, and the qualified business income deduction have become permanent, while new 1099-K and 1099-NEC thresholds shift more recordkeeping onto small business owners. This article explains how IRS matching and planning windows continue year-round, not only at filing time.
