CHANGES TO EMPLOYER TAXES AND EMPLOYEE BENEFITS

H.R.1, the One Big Beautiful Bill Act (the Act), was signed into law July 4, 2025. H.R.1 includes several significant changes that are relevant to employers for payroll, employment tax and employee benefits purposes, with some key provisions effective retroactively as of Jan. 1, 2025. The Department of the Treasury and the IRS are expected to issue guidance in the coming weeks to clarify how certain provisions will be implemented. ADP will closely monitor developments and provide updates as more details emerge.

READ THIS ARTICLE BY ADP POSTED 9.2.25