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The calculation of overtime pay under the Fair Labor Standards Act (FLSA), including the determination of the regular rate and the overtime premium.
Employers who put a “qualified overtime” amount in Box 14 of the 2025 Form W-2 are furnishing the separate accounting the IRS says employees may rely on to claim the new overtime deduction; taxpayers ...
The 2025 “no tax on overtime” rule allows eligible employees to deduct the FLSA overtime premium—the extra half of time‑and‑a‑half pay—from federal taxable income, and for employees paid on a 14‑day F...
began supporting the IRS “qualified overtime” reporting changes only after specific payroll tax table and program updates; when those updates are missing, when users create custom overtime payroll ite...
lets workers deduct “qualified overtime compensation,” defined largely as the FLSA-required overtime premium — the portion of overtime pay that exceeds an employee’s regular rate (for many employees, ...
Beginning with employers must separately capture and report the portion of overtime pay that is an FLSA-required premium above an employee’s regular rate—“qualified overtime compensation”—on Form W‑2 ...