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The One Big Beautiful Bill Act includes significant changes that are relevant to employers payroll

in Payroll and Global Payroll Interface (GPI) 3 comments

Summary:

Could you please let us know if we have any information from oracle on the below listed payroll/taxation changes coming up in 2025:

Content (please ensure you mask any confidential information):

 1- The One Big Beautiful Bill Act includes several significant changes that are relevant to employers for payroll, employment tax and employee benefits purposes. 

  • Any information/documentation on this from oracle

2- Starting in 2025, the federal government will allow employees to exclude the premium portion of overtime pay—based on the Department of Labor's (DOL) overtime calculation—from federal income tax. While this exclusion does not need to be reported on the 2025 W-2, it will be required on the 2026 W-2. The IRS has already released a draft of the updated form. This presents a significant challenge for us because the federal and California overtime calculations differ.

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