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Please note that this tax advantage for overtime is a deduction, not a credit.
The deduction appears on form 1-A (1040), which is a new form added to form 1040. Please see a sample form on the IRS website.
The deduction will appear in Part III.
The sum of all the deductions on form 1-A (including the overtime benefit) will flow to line 13b on form 1040.
Please note that this tax advantage for overtime is a deduction, not a credit.
The deduction appears on form 1-A (1040), which is a new form added to form 1040. Please see a sample form on the IRS website.
The deduction will appear in Part III.
The sum of all the deductions on form 1-A (including the overtime benefit) will flow to line 13b on form 1040.
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