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Brown Cafe UPS Forum
UPS Discussions
No tax on overtime
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<blockquote data-quote="nWo" data-source="post: 6118660" data-attributes="member: 86976"><p>"The legislation includes phase-out eligibility based on income. So, once individual adjusted gross income reaches $100,000, or $200,000 for married couples, the deduction is reduced by $50 for every $1,000 in earnings above the threshold."</p><p></p><p></p><p>So a single UPS driver that made $130,000 gross. Would receive a $8,500 deduction. Tax savings of around $1800-1900.</p></blockquote><p></p>
[QUOTE="nWo, post: 6118660, member: 86976"] "The legislation includes phase-out eligibility based on income. So, once individual adjusted gross income reaches $100,000, or $200,000 for married couples, the deduction is reduced by $50 for every $1,000 in earnings above the threshold." So a single UPS driver that made $130,000 gross. Would receive a $8,500 deduction. Tax savings of around $1800-1900. [/QUOTE]
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