My Two Cents: “No Tax on Tips” and “No Tax on Overtime”

‘My Two Cents’ with Centennial is where our tax and accounting professionals give you their take on the policies, updates, and changes relevant to you and your business!

Molly Shattuck, CPA is Director at Centennial Tax & Accounting. In this featured ‘My Two Cents’ video, she explains the new “No Tax on Tips” and “No Tax on Overtime” stipulations under the One Big Beautiful Bill Act. It’s important to distinguish between the headlines and reality when it comes to these new provisions – for both employers AND employees to whom it applies.