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Do bonus checks count towards overtime deduction

Received end of year bonus- are there any addition deductions?
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2 Replies

Do bonus checks count towards overtime deduction

No.  A bonus is not overtime.   Your bonus will be on your W-2 in box 1.   The software will reconcile whether you  owe tax or get a refund based on the amount in box 2 that shows how much tax was withheld from all of your income including the bonus.

**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.**
MinhT1
Expert Alumni

Do bonus checks count towards overtime deduction

No.

 

End-of-year bonuses are taxable and do not qualify for the overtime deduction.

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