How can Fusion HCM Payroll report the OBBBA required qualified Over time for W-2's?
Summary:
Guidance is need on Oracle's recommended approach to calculate and extract the qualified OT amount required under the OBBBA Act, and how to include it correctly in the W-2 XML for a third party provider.
Content (please ensure you mask any confidential information):
The current OT configuration uses a 37.5 hours weekly threshold along with union and holiday OT rules that exceed FLSA requirements. Because of this setup, the FLSA specific OT premium cannot be isolated but it is now required to be separately reported under the OBBBA Act.
The requirements are:
- Identify and calculate qualified OT amount as define by the Act.