Postal employees to get letter with overtime tax deduction information

[Ruralinfo]

The Postal Service will send a letter in mid-January with information about a new temporary federal tax deduction for certain portions of federal overtime payments made to eligible employees. The letter will include the employee’s qualified overtime amount for 2025. Employees are encouraged to ensure their mailing address is up to date by going to […]

Postal employees to get letter with overtime tax deduction information - Ruralinfo.net

The Postal Service will send a letter in mid-January with information about a new temporary federal tax deduction for certain portions of federal overtime…

www.ruralinfo.net

 

[Charlie Brown]

The Postal Service will send a letter in mid-January with information about a new temporary federal tax deduction for certain portions of federal overtime payments made to eligible employees. The letter will include the employee’s qualified overtime amount for 2025. Employees are encouraged to ensure their mailing address is up to date by going to […]

Postal employees to get letter with overtime tax deduction information - Ruralinfo.net

The Postal Service will send a letter in mid-January with information about a new temporary federal tax deduction for certain portions of federal overtime…

www.ruralinfo.net

For those of you that don't know the O/T exemption is only on the premium portion of the O/T pay. For example, if you earn $30 per hour and have 10 hours of O/T @$45 dollars an hour that equals $450 of total O/T pay. You will not be able to exempt the whole $450 You'll only be able to exempt the "premium" portion of the pay or the $150 dollar part. So not having to pay the tax on the "premium portion" $150 is still good it's not what many expected.

 

[Black Magic]

Now is are salary related OT exempt ?

 

[psd181]

Now is are salary related OT exempt ?

Only FLSA OT is exempt......... over 56 in a week, all bets are off when 2080 and 2240 is broken and everything has to be recalculated