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MLBLKLCL
New Member

Can I deduct overtime worked?

I live in Illinois, am I eligible to deduct overtime?
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2 Replies

Can I deduct overtime worked?

The new deduction for overtime is on your federal tax return.

OVERTIME 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-reform/enter-overtime-pay-turbotax-o...

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
CesarJ
Expert Alumni

Can I deduct overtime worked?

It depends, you must be a qualified employee and meet certain criteria listed below:

 

  • You must be a nonexempt employee. Exempt employees are generally people who earn salaries and don’t earn overtime when working more than 40 hours a week. 
  • You must file as Single, Head of Household, Qualifying Surviving Spouse, or Married Filing Jointly. This deduction isn’t available if you are Married Filing Separately.
  • You must have a valid Social Security number. This deduction isn’t available if you only have an individual taxpayer identification number (ITIN). 
  • The deduction begins to phase out if your modified adjusted gross income (MAGI) is more than $150,000 ($300,000 for joint filers). We'll calculate these limits for you when you file. 

 

If all of these apply to you, you qualify for the overtime pay exemption. 

 

@MLBLKLCL

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