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What is EST OT PREMIUM in box 14 on w2 and how do I categorize it in dropdown menu

 
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3 Replies
JohnB5677
Expert Alumni

What is EST OT PREMIUM in box 14 on w2 and how do I categorize it in dropdown menu

If your overtime is listed in box 14 of your W-2 and you chose the Overtime category, TurboTax will figure out the overtime deduction and add it to Form 1040, line 13b.

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What is EST OT PREMIUM in box 14 on w2 and how do I categorize it in dropdown menu

Thank you, I put “Other” is that a problem? I just submitted I didn’t see this 

ThomasM125
Expert Alumni

What is EST OT PREMIUM in box 14 on w2 and how do I categorize it in dropdown menu

It won't create a problem with how your tax return is processed by the IRS. However, if you were paid qualifying overtime pay all or a portion of it may not be taxable in 2025. If you didn't enter that properly in TurboTax, your tax may have been larger than it should have been. You can prepare an amended return in TurboTax and edit your W-2 entry to include the overtime pay entries if required and if your tax is reduced you can file the amended return to get a refund. You will see an option for the amended return when you log into your TurboTax program.

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