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Does a union settlemnt for backpay (for unpaid overtime) count as an unlawful discrimination lawsuit award?
I received a settlement from my employer in 2022 of $48,500 for unpaid overtime over the previous 4 years (as an hourly employee). It was added to my wages for the year on my W2 so $20,000 from the settlement was taken out in taxes. Do I mark this on TurboTax as an "unlawful discrimination lawsuit award" in order to get more of that money back in my return?
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March 1, 2023
6:52 AM