Tag: overtime deduction 2026
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Qualified Overtime on Your W-2: What to Confirm With Payroll Before January
For 2026, the overtime deduction depends on box 12 code TT of Form W-2. Steve Perry, EA explains how payroll should figure the federal overtime premium, which overtime does not count, why owners are usually excluded, and why fixing errors before January beats corrected forms, amended returns, and IRS matching notices.