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W-2 form Box 14

My husband's W-2 has box 14 filled this year - 

FED OT - what does that mean? is it overtime?

 

Thank you.

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AmyC
Employee Tax Expert

W-2 form Box 14

Yes, this is the overtime premium that is deductible. This is not the total overtime pay. Putting it in box 14 alerts the program to make the deduction, if your income allows.

This deduction begins to phase out if your Modified Adjusted Gross Income (MAGI) is over $150,000 (Single) or $300,000 (Married Filing Jointly).

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1 Reply
AmyC
Employee Tax Expert

W-2 form Box 14

Yes, this is the overtime premium that is deductible. This is not the total overtime pay. Putting it in box 14 alerts the program to make the deduction, if your income allows.

This deduction begins to phase out if your Modified Adjusted Gross Income (MAGI) is over $150,000 (Single) or $300,000 (Married Filing Jointly).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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