Standard
U.S. law signed in 1938 that establishes the federal minimum wage, the weekly overtime threshold and child labor restrictions.
IRS instructions for the 2026 W-2 limit Box 12 code TT to the half-rate premium on FLSA-required overtime, one-third of time-and-a-half pay. A register's overtime total cannot be copied into the box, CPA Practice Advisor reports.
Reality
In fiscal 2025 the Labor Department's Wage and Hour Division got back more than $259 million in unpaid wages owed to nearly 177,000 workers, the most since 2019. The contractor test is still a proposal, so the reviews employers can finish this quarter without rework are overtime calculations and recorded hours.
Reality
Sanders and Takano's reintroduced bill would drop the federal overtime threshold to 32 hours over four years and bar any cut to weekly pay, a cost that lands on payrolls whether or not an employer ever deploys AI.
Reality
The tips and overtime deductions run from 2025 through 2028, but the IRS only revised the forms for 2026, which leaves payers three filing years to report figures their pay statements do not currently isolate.
Reality
A researcher with seven years of four-day-week pilot data says the four-day-week evidence is strong and the route to it is not, because gains have historically gone to output.
Reality