LaShaunA3
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Deductions & credits

No, under the One, Big, Beautiful Bill Act’s overtime provision, only the overtime premium required by federal law qualifies for the deduction. 

 

The FLSA (Fair Labor Standards Act) generally requires overtime only after 40 hours in a workweek. Only the premium portion tied to hours exceeding 40 in a week would be eligible.

 

What's the new tax law for overtime pay?

Questions and answers about the new deduction for qualified overtime compensation

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post