Episode 32: Mobility tax implications of the One, Big, Beautiful Bill

On May 22, 2025, the US House of Representatives passed the One, Big, Beautiful Bill Act, which provides amendments and additions to several areas of the tax law. In this episode, Julie Baron and Susie McCauley from Vialto’s US tax practice review the aspects of the Bill that are particularly relevant for organizations with mobile employee populations. Their wide-ranging discussion covers many proposed changes, including tax rates, the SALT cap, taxation of overtime and tips, automotive loan interest, itemized deductions, the ‘Trump account’ for minors, moving expenses, section 899, and the 3.5% remittance tax on funds sent outside of the US.

Note, the provisions of this Bill are not final and may change upon Senate review.