Birdwatch Note Rating
2025-07-02 16:02:38 UTC - HELPFUL
Rated by Participant: EA55B82874BF100CB1EFF3083CF9B6B09DC655FBCE87C9838FADACDDD4694DA4
Participant Details
Original Note:
Under the OBBBA, tips and overtime pay are exempt from the federal income tax (up to a capped maximum amount). However they are still subject to employee and employer FICA taxes at the regular rates of 7.65% each. https://www.fidelity.com/learning-center/personal-finance/one-big-beautiful-bill https://www.theemployerreport.com/2025/05/no-tax-on-tips-and-overtime-campaign-promises-take-shape-in-one-big-beautiful-bill/ https://gpa.net/blogs/americas/us-trump-s-big-beautiful-bill-includes-no-tax-on-tips-overtime-pay
All Note Details