IRS "No Tax on Overtime" Rule – Planned PeopleSoft Tax Update Availability
We recently received IRS guidance regarding the new "No Tax on Overtime" deduction effective for tax years 2025 through 2028. We would like to know when Oracle plans to deliver corresponding updates within the PeopleSoft Payroll for North America Tax Updates.
Could you please advise when this will be reflected in an upcoming tax update or if any documentation or implementation guidance is currently available or anticipated on My Oracle Support?