Name
Individual Taxation: Order Up (But 86 the Taxes): The New Rules Governing No Tax on Tips and Overtime
Date & Time
Wednesday, January 7, 2026, 2:15 PM - 3:30 PM
Speakers
Ligeia Donis, Baker & McKenzie LLP
Corey Husak, Center for American Progress
Stephen Tackney, KPMG US LLP
Corey Husak, Center for American Progress
Stephen Tackney, KPMG US LLP
Description
This panel will address the O3BA deductions for tips and overtime. We will cover how qualified tips and overtime are defined, eligibility for the deductions and limitations/phase outs, payor tracking and reporting requirements, individual substantiation requirements, transition relief for 2025, and how withholding will change to take the deductions into account.