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overtime not deducted accurately in Turbo Tax

I am filing as Head of Household. My modest overtime *should* be fully deductible since my MAGI is around $200,000 and complete phase out is not until MAGI of $275,000. But Turbo Tax deluxe is saying my deductible OT is $0 due to phase out limits, which appears incorrect to me. How do I fix this? 

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overtime not deducted accurately in Turbo Tax

Thank you for your response. Yes, you are right and I learned this after completing the Schedule 1-A form manually (by hand). 

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2 Replies
DawnC
Employee Tax Expert

overtime not deducted accurately in Turbo Tax

Single / Head of Household Phaseout     $150,000  --  $275,000

 

The deduction is reduced by $100 for every $1,000 your MAGI exceeds the threshold.      If your MAGI is 200K, that means your OT deduction is reduced by $5K (50 x 500).   Did you have more than 5K in OT?    If you had less than $5K, there is no deduction.   What is the new tax law for overtime pay?

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overtime not deducted accurately in Turbo Tax

Thank you for your response. Yes, you are right and I learned this after completing the Schedule 1-A form manually (by hand). 

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