So will the overtime be separate form from our original W2??

[purplediaz13]

I just want to know how we maximize the 12,500 we're supposed to get refunded if we made under the specific amount

[Bsch4477]

Your employer will either report your overtime on your W-2 (probably in box 14 but we’ll have to wait and see) or on a separate statement. You don’t get that money refunded; it is just not taxed. Only the “half” of the time and a half is subject to the exclusion. 

[purplediaz13]

Only up to $12,500 right?

[Bsch4477]

Yes. 

[user17659374782]

So I have 46,000 in overtime how will the no tax on overtime effect me

[xmasbaby0]

The software is not yet ready for the tax law changes for overtime and tips, so you will need to be patient.   We do not know yet how these will be handled on W-2's or in the software.   Employers have until the end of January to issue W-2's.    You are not "refunded" for overtime----You are just not taxed on a certain amount of it.

[VolvoGirl]

See this post for no tax on overtime and how to calculate it

https://ttlc.intuit.com/community/taxes/discussion/no-tax-on-ot/00/3710918