No tax on overtime

DOK

Well-Known Member
Marshall’s proposal would deny the new deduction to some top earners and cap it at $10,000 for individuals and $20,000 for married couples, according to the Wall Street Journal. The break for overtime pay would additionally be phased out once an individual’s adjusted gross income surpasses $100,000 or when a married couple’s income reaches $200,000.


Fyi. Current bill that passed the house. So a single topped out UPS driver would hit the cap after 150 hours of OT. So about 3 hours of OT a week untaxed. That's phased out when you go over $100,000 a year.

So no need to hit 60 every week. Hit 43 for the maximum tax benefits.
So a married ups driver should go for the 60 hour weeks to get the full benefit?
 

nWo

Well-Known Member
So a married ups driver should go for the 60 hour weeks to get the full benefit?

You should make your wife work instead. Enjoy some beers with the boys.

But if you do 60 hours a week you could hit 20,000 in ot earnings in March/April. Don't have to kill yourself for the max benefit.
 
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Johney

Pineapple King
I bet you mow in different directions every time.
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