This in-depth course explores how the One Big Beautiful Bill Act reshapes employee compensation, payroll deductions, and reporting requirements beginning in 2025. With a focus on real-world application, you’ll learn how to apply the new tip and overtime deductions, adjust for revised W-4 and W-2 reporting, and navigate updated benefit limits for dependent care, transportation, and educator expenses.

You’ll also review the new $6,000 senior exemption, expanded car loan interest deductions, and the creation of Trump Accounts—a first-of-its-kind tax-advantaged account for minors. Whether working with individuals or businesses, this course provides the clarity needed to ensure compliance and uncover new opportunities for tax savings.

Learning Objectives:

After completing this course, you will be able to:

1. Describe the new compensation-related deductions available under OBBBA, including qualified tips, overtime, and self-employment adjustments.
2. Interpret the impact of new payroll reporting requirements, including the 2026 W-2 Box 12 codes and Form W-4 revisions.
3. Analyze changes to dependent care, educator, and transportation benefits, and determine how they affect taxable income.
4. Identify new exemption and deduction limits for seniors, families, and educators between 2025 and 2028.
5. Recognize the compliance changes for employer-paid student loans and new ERC claim restrictions.