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Dick1043
New Member

Deduction for overtime pay

Anyone know when Turbotax software will be updated to collect info on overtime pay. The W-2 is blank on line 14. I received a letter from my employer with the info but cannot find any questions being asked in the software addressing the issue

**bleep** 1043

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1 Reply
DawnC
Employee Tax Expert

Deduction for overtime pay

Follow the instructions linked below.   After you enter your W-2, you will put a checkmark in the overtime box on the following screen (Let's check for other situations).   

 

How do I enter overtime pay in TurboTax Online?

 

Look at the statement from your employer. If the statement tells you the “overtime premium”, “overtime deductible for OBBB”, or similar, that’s probably your overtime eligible for this deduction.

 

Go to the W-2 screen under under Wages & Income.  Add or edit your W-2 for your employer where you worked overtime.   After entering your W-2, look for the Let's check for other situations screen.

 

Check the box next to Overtime.

 

Continue until you see the Let’s see if your overtime qualifies as tax-free screen.

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