Tag: deduction
Posted in Compensation
Tax Deductions for Tips, Overtime Under One Big, Beautiful Bill Act
Known as the One Big, Beautiful Bill Act, H.R. 1 brought numerous federal law changes, mainly to federal tax law, when it was signed on…
Posted in Compensation
Deductions from Employee Wages Not Allowed Except in Limited Cases
One of our employees is continually short on their cash drawer. Can we deduct the shortage from the employee’s tips if the employee agrees to…
