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Mining Law Monitor - Volume 22, Issue 2 - (Winter 2005/2006)

Client Alert | less than 1 min read | 02.09.06

  • "FMSHRC in 2005: The Year In Review," Author: Tim Biddle.
  • "Mining Companies Go Public On The AIM," Co-Authors: Paul Finlan, Mitchell Rabinowitz, and Neil Sitron.
  • "The International Cyanide Management Code – It’s Not an Oxymoron," Author: Ed Green.

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....