No tax on overtime

[Johney]

So if you work 4-10 hour days Mon-Thurs and take Friday off that's 8 hours of o/t but doesn't qualify for the tax break right?

 

[Thebrownblob]

Just sayin- I'd get banned. But I'm not in the club...

No reason to be mean just because he’s a homosexual.

 

[Thebrownblob]

So if you work 4-10 hour days Mon-Thurs and take Friday off that's 8 hours of o/t but doesn't qualify for the tax break right?

Sounds like it

 

[P£INinY0uR***UnionGuy8564]

Heard you still get taxed on overtime if you're part of a CBA. True? Didn't feel like reading through 37 pages of posts.

 

[JL 0513]

So if you work 4-10 hour days Mon-Thurs and take Friday off that's 8 hours of o/t but doesn't qualify for the tax break right?

Yes, it's OT after 40, not 8.

 

[JL 0513]

Heard you still get taxed on overtime if you're part of a CBA. True? Didn't feel like reading through 37 pages of posts.

We did go over this and it's believed that we'll still qualify. The bill does exempt specific contractual OT but we don't believe in our circumstance

 

[Thebrownblob]

We did go over this and it's believed that we'll still qualify. The bill does exempt specific contractual OT but we don't believe in our circumstance

Sounds like it would be specifically after 40 hours. Any other kind of special overtime pay like black Friday pay would not count.

 

[What'dyabringmetoday???]

Sounds like it would be specifically after 40 hours. Any other kind of special overtime pay like black Friday pay would not count.

What is "special" about Black Friday? Regular workday here thanks to the "elected leaders". Lol

 

[Thebrownblob]

What is "special" about Black Friday? Regular workday here thanks to the "elected leaders". Lol

Most of the guys I work with you couldn’t stop them from working. They would be pissed if it was taken away.

 

[nWo]

Sounds like it would be specifically after 40 hours. Any other kind of special overtime pay like black Friday pay would not count.

Which probably wouldn't make too much of a difference. Any topped out driver that doesn't spend have the year on disability should get the maximum tax benefit. Unless they make too much money and the benefits are phased out.

 

[Thebrownblob]

Which probably wouldn't make too much of a difference. Any topped out driver that doesn't spend have the year on disability should get the maximum tax benefit. Unless they make too much money and the benefits are phased out.

Yep, I try to break even or pay just a little so I adjust my withholdings. Taxes get more and more complicated. I pay someone to do them now.