I am using TurboTax "Do It Yourself Premium..." I have confirmed repeatedly that this is the exact phrase describing my product. I see that under "products," for this Topic, Premium is not even an option. I am self-employed, but also have W2 Work. There is no option to add my Overtime from the W2 Work. There is no option for "Help me calculate my eligible overtime." Editing the W2 does not reveal any checkboxes for Deductible Overtime. There is no "Let's check for other situations" screen.
Searching for Overtime Premium, or even "overtime" yields zero results. As a last straw, I added the information into Box 14 anyway, and that flagged the system and asked me to delete it before proceeding. For the life of me, I cannot figure this out. In my version of TurboTax, the option just plain appears to not exist! Someone please help; I'm losing my mind on this!
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You stated that you are self-employed. What adjusted gross income are you reporting on line 11a of the IRS form 1040?
Perhaps your self-employment income alone exceeds the dollar limit for a person to be eligible for the qualified overtime deduction reported on a W-2?
This TurboTax Help states:
The overtime deduction is gradually phased out – potentially to $0 – if your modified adjusted gross income exceeds $150,000 ($300,000 for joint filers).
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