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IR-2025-82, Aug. 7, 2025 WASHINGTON — The Internal Revenue Service today announced that, as part of its phased implementation of the One, Big, Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.Key points for TY 2025 relating to OBBB provisions: Form W-2, existing Forms 1099, and Form 941 and other payroll return forms will remain unchanged for TY 2025. Federal income tax withholding table

This FAQ will provide some clarity regarding the questions we have received on Paid Sick Leave as established by the passage of Ballot Measure 1 and the subsequent enactment of Alaska Statutes 23.10.066-23.10.069. 1. What is Ballot Measure 1 that was passed in 2024? Ballot Measure 1 is a voter initiative that was part of the 2024 General Election. Ballot Measure 1 passed, was certified, and was enacted as law effective July 1, 2025, and can now be found in Alaska statute. The

The One, Big, Beautiful Bill Act of 2025 has a significant effect on federal taxes, credits and deductions. It was signed into law on July 4, 2025, as Public Law 119-21 . These provisions go into effect in 2025: Income tax relief and deductions: No tax on tips (Sec. 70201) New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations listed by the IRS as customarily and regularly receiving tips on