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Budget reconciliation legislation affects compensation and benefits

Insights from the EY Center for Tax Policy: what you can do now to prepare

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Recently enacted legislation commonly known as the “One Big Beautiful Bill” contains more than a dozen provisions affecting the federal taxation of compensation and benefits. Most will apply beginning in 2026, but some will require retrospective analysis for all of 2025 and perhaps even prior years. This webcast will cover the substantive rules and their applicability dates as well as practical implications and how you may consider addressing them.

The following topics will be discussed:

  • New tax deductions and related information reporting for tips and overtime
  • Executive compensation deduction limit and excise tax changes
  • Health savings account (HSA) enhancements
  • Changes affecting fringe benefits, including dependent care and student loan assistance
  • Modifications to various employer tax credits

Panelists:

  • Stephen LaGarde, Principal, National Tax Compensation & Benefits Group, Ernst & Young LLP
  • Rachael Walker, Principal, National Tax Compensation & Benefits Group, Ernst & Young LLP

Moderator:

  • Christa Bierma, Principal, National Tax Compensation & Benefits Group, Ernst & Young LLP

EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax

Webcast

CPE credits: 1.2

Total duration: 60 minutes

Time

your local time

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