- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
BBB-No Tax on Overtime
Posted on 7/3/25 at 6:10 pm
Posted on 7/3/25 at 6:10 pm
Anyone know how the No Tax on Overtime will work for offshore workers who work 40 hours regular and 44 hours overtime per week?
I am hearing that if the 44 hours of overtime is your regular schedule, then it will be taxed as normal, and any "unscheduled" overtime past the 44 hours will be eligible for no federal taxes...
I am hearing that if the 44 hours of overtime is your regular schedule, then it will be taxed as normal, and any "unscheduled" overtime past the 44 hours will be eligible for no federal taxes...
This post was edited on 7/3/25 at 6:12 pm
8
Posted on 7/3/25 at 6:11 pm to SaDaTayMoses
It's also up to the first $12,500
Posted on 7/3/25 at 6:12 pm to SaDaTayMoses
I hope it’s all overtime (likely not).
About to be in a project doing 60/week scheduled. I’d LOVE to only be taxed on my 40
About to be in a project doing 60/week scheduled. I’d LOVE to only be taxed on my 40
Posted on 7/3/25 at 6:32 pm to SaDaTayMoses
quote:
Anyone know how the No Tax on Overtime will work for offshore workers
Unless they expanded it greatly, it won’t.
You will make way too much money to get the tax break.
Posted on 7/3/25 at 7:13 pm to SaDaTayMoses
Only overtime covered from the fair labor standards act (FLSA) is exempt. For example, if you get time-and-a-half pay after the first 8 hours worked each day, rather than after the first 40 hours worked each week, then you got screwed.
This post was edited on 7/3/25 at 7:17 pm
Posted on 7/4/25 at 4:18 am to SaDaTayMoses
If you make more than $160k/yr you are out and there's no phase out. There's no federal tax on the premium portion of the OT, ie. the 0.5 of the 1.5 and you still have to pay FICA and state taxes on it.
So, unfortunately AOC was right when she said it was bread crumbs.
So, unfortunately AOC was right when she said it was bread crumbs.
Posted on 7/4/25 at 4:36 am to AaronDeTiger
So if hourly and you make 160k and up, you lose out on all tax benefits? But if you make 159,999 or less, one gets those benefits?
Posted on 7/4/25 at 4:41 am to TechBullDawg
I think the senate version replaced the cap on income with a cap of the first 12.5k of OT filing single and 25k filing jointly.
Posted on 7/4/25 at 5:13 am to AaronDeTiger
Interesting. So no matter how much overtime, you still get the tax benefits even if the gross income is 160k or more, just capped at 25k if filing jointly?
Posted on 7/4/25 at 7:16 am to SaDaTayMoses
Why downvotes for asking this?
Posted on 7/4/25 at 7:17 am to AaronDeTiger
A little is better than nothing as it was a week ago, right?
Posted on 7/4/25 at 8:06 am to AaronDeTiger
quote:
If you make more than $160k/yr you are out
I believe there is a phase out and it's if you're MAGI is $150k per year. You can contribute $23.5k to your 401k which reduces your MAGI. Those numbers are also for single filers. If you're married filing jointly then the phase out jumps up to $300k, with $47k total contribution limits to 401k's to help bring down your MAGI, and the OT deduction jumps from $12.5k to $25k.
This post was edited on 7/4/25 at 8:08 am
Posted on 7/4/25 at 8:43 am to SaDaTayMoses
Sounds like exempt employees are out.
Posted on 7/4/25 at 8:55 am to Yeti_Chaser
That's welcome news.
Posted on 7/4/25 at 9:37 am to Yeti_Chaser
quote:
I believe there is a phase out and it's if you're MAGI is $150k per year. You can contribute $23.5k to your 401k which reduces your MAGI. Those numbers are also for single filers. If you're married filing jointly then the phase out jumps up to $300k, with $47k total contribution limits to 401k's to help bring down your MAGI, and the OT deduction jumps from $12.5k to $25k.
I make over 160k offshore, but file jointly with my wife. Together, we make under 300k, but she doesn’t get OT, etc. I’m wondering how that will play out for me and if I’ll qualify for it. And if I do, will I get the 12.5 or the 25 k deduction.
Posted on 7/4/25 at 9:54 am to adavis
I think 25k because yall file jointly.
Posted on 7/4/25 at 10:14 am to adavis
quote:
make over 160k offshore, but file jointly with my wife. Together, we make under 300k, but she doesn’t get OT, etc. I’m wondering how that will play out for me and if I’ll qualify for it. And if I do, will I get the 12.5 or the 25 k deduction
This is my exact situation. Im interested in a definite answer as how we will be affected
Posted on 7/4/25 at 10:21 am to TechBullDawg
When would this take effect? I have to understand how it affects my hourly employees
Posted on 7/4/25 at 10:47 am to jmarto1
I believe it is retroactive to january 1 of this year. And to the poster above, yes the way I read it is that you would get the $25k deduction because you are filing jointly but I'm no expert
This post was edited on 7/4/25 at 10:48 am
Posted on 7/4/25 at 10:52 am to Yeti_Chaser
I hope all these people enjoy their welfare. This is bullshite political pandering and bad tax policy
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News