Employers’ Guide to the OBBBA Qualified Overtime Tax Deduction

Join us as we dive into the complexities of the Qualified Overtime Compensation (QOC) Deduction, one of the cornerstone provisions in the One Big Beautiful Bill Act.

Attendees will gain a comprehensive understanding of how the QOC Deduction may impact payroll processes and proactive steps to ensure compliance with the new Internal Revenue Code Section 225. This is an essential session for those looking to navigate the nuances of the QOC Deduction and avoid employee confusion and potential penalties for noncompliance.

Topics will Include

• An overview of the QOC Deduction standards, including eligibility criteria
• Developing a communication strategy to get HR and payroll departments on the same page as employees with the respect to QOC tax reporting
• Monitoring regulatory guidance, including future guidance on QOC reporting from the IRS and state tax authorities
• Implementing payroll and tax reporting systems updates for future Form W-2 reporting of QOC to employees

CLE Credit: CLE credit in CA, FL, IL, *NY, PA, TX, and VA is currently pending approval. Credit in CT and NJ is pending approval (via reciprocity). CLE credit is not available for the viewing of recorded sessions.

*This program qualifies for Newly Admitted Attorneys

Those seeking CLE credit in any other state may be provided with a General Certificate of Attendance and may apply independently.