1. Home
  2. |Insights
  3. |Health Reform Legislation Enacted

Health Reform Legislation Enacted

Client Alert | less than 1 min read | 03.24.10

Congress has enacted, and President Obama has signed, major health reform legislation. A link to the enacted legislation, and to the pending amendments that have been approved by the House and are awaiting action by the Senate, can be found at http://www.speaker.gov/newsroom/legislation?id=0361. We will soon post a summary and analysis of the new legislation.

Insights

Client Alert | 4 min read | 08.21.25

FLSA Overtime Reporting and Withholding

The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025....