TaxTalk - “Tax Savings for Tipped & Overtime Workers”

Greenspoon Marder's latest episode of TaxTalk, "Tax Savings for Tipped and Overtime Workers," explores recent legislative updates, particularly those introduced under the One Big Beautiful Bill (OBBB), that impact tipped employees and overtime earners. This episode offers valuable insights for both workers and employers as we approach the upcoming filing season.

Part 1: "Taxes on Tips" with Tatum Perez
What is the new deduction for tipped workers?
Who qualifies?
How certain professions are affected (e.g. dancers and budtenders). 

Part 2: "Taxes on Overtime" with Alexis Whitley
What changes were made?
How much overtime is non-taxable?
Who will this provision primarily affect?

Part 3: "Filing Perspectives" with Sabrina Strand
Reporting requirements for, both, employers and employees.
Steps to take for proper reporting.
What employees or independent contractors need to know.
What employers should consider in order to allow their employees to receive the full benefits under the new “No Tax on Tips” and “No Tax on Overtime” provisions.

Whether you're at your desk or on the go, you can watch or listen to the episode in the format that works best for you.
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If you have any questions or would like to connect with any of our speakers, feel free to reach out to them today!

Nick Richards (Host)
Partner, Greenspoon Marder LLP
(720) 370-1169
[email protected]

Sabrina Strand (Featured Speaker)
Senior Counsel, Greenspoon Marder LLP
(720) 702-0910
[email protected]

Tatum Perez (Featured Speaker)
Of Counsel, Greenspoon Marder LLP
(303) 665-0860
[email protected]

Alexis Whitley (Featured Speaker)
Associate, Greenspoon Marder LLP
(720) 370-1188
[email protected]
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Resources for Tipped and Overtime Workers:

Qualified Tips Overview: https://www.irs.gov/newsroom/one-big-...

Qualified List of Service or "Tipped" Professions: https://home.treasury.gov/system/file...

Exempt vs. Non-Exempt Positions:  https://greenspoonmarder.gmlaw.com/em...