You might need to talk to your employer about those amounts.
Only the extra above your normal hourly rate is used for the income deduction.
i.e. maybe the box 14 amount is the excess amount, while the YTD amount you see may be the full base+extra.
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Example from Google: if you normally get $20/hr and overtime is $30/hr, then only the $10 extra is eligible for the deduction......that might be your box 14 $$ amount.
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Also the IRS instructions say:
"Effective for 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the “half” portion of “time-and-a-half” compensation -- that is required by the Fair Labor Standards Act (FLSA) and that is reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.
- Maximum annual deduction is $12,500 ($25,000 for joint filers).
- Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers)."
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
