Payroll for NA / Time and Labor - PSFT (MOSC)

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Peoplesoft patch related to OBBBA(One Big Beautiful Bill Act)/ No Federal Tax on Overtime & Tips?

edited Jul 25, 2025 5:38PM in Payroll for NA / Time and Labor - PSFT (MOSC)

Hello Everyone,
We are seeing service request from customers wanting to know how and when Oracle going to address the no federal tax on overtime and tips?
Is Oracle going to address the no federal tax on overtime and tips as per New Act?

“No Tax on Overtime”
New deduction: Effective for 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the “half” portion of “time-and-a-half” compensation -- that is required by the Fair Labor Standards Act (FLSA) and that is reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.

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