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.

 

[JL 0513]

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

He means all the the days that we make time and a half just for showing up. That isn't considered "overtime" even though we're being paid overtime rate. In my local, we have 4 such working holidays.

 

[nWo]

And PT overtime after 5 won't count either. Those W2s might be confusing.

 

[DriveInDriѵeOut]

And PT overtime after 5 won't count either.

good, good

 

[What'dyabringmetoday???]

He means all the the days that we make time and a half just for showing up. That isn't considered "overtime" even though we're being paid overtime rate. In my local, we have 4 such working holidays.

We lost that day years ago. Regular day now.

 

[Thebrownblob]

We lost that day years ago. Regular day now.

You mean you lost that day off or you lost the day paid it holiday pay?

 

[What'dyabringmetoday???]

You mean you lost that day off or you lost the day paid it holiday pay?

It used to be a holiday. Now it is just a regular day. "Elected leaders" gave it away. Of course- they have that day off...

 

[Thebrownblob]

It used to be a holiday. Now it is just a regular day. "Elected leaders" gave it away. Of course- they have that day off...

It’s double time plus Holiday here and most of the guys I work with Can’t wait to get it. I usually take the week off for vacation.

Of course anybody with good attendance could just call off that day….

 

[What'dyabringmetoday???]

It’s double time plus Holiday here and most of the guys I work with Can’t wait to get it. I usually take the week off for vacation.

Of course anybody with good attendance could just call off that day….

Never saw anything in the contract saying you have to have "good attendance" in order to "call off" lol.

 

[Thebrownblob]

Never saw anything in the contract saying you have to have "good attendance" in order to "call off" lol.

Nope, it’s not in the contract but if you screw up enough, you’ll sit in front of a group of people who might decide your attendance is not very good and you don’t have a job anymore. Pretty sure you know that.