Overtime | LinkedIn
Overtime | LinkedIn
Sep 9, 2022
linkedin.com
📣 Attention workers who earn overtime! There’s a new tax write-off worth up to $12,500 on overtime pay. Mark Steber, Chief Tax Officer at Jackson Hewitt, breaks down the basics of this new deduction, including what overtime pay qualifies, income phase-out limits, and more. This deduction could have a BIG impact on your tax refund 💸, but it also comes with some rules and requirements. Work with the pros who can help you get it right ✅. Book your appointment at http://ms.spr.ly/6182txpOE. #Jacks
2:50
📣 Attention workers who earn overtime! There’s a new tax write-off worth up to $12,500 on overtime pay. Mark Steber, Chief Tax Officer at Jackson Hewitt, breaks down the basics of this new deduction, including what overtime pay qualifies, income phase-out limits, and more. This deduction could have a BIG impact on your tax refund 💸, but it also comes with some rules and requirements. Work with the pros who can help you get it right ✅. Book your appointment at http://ms.spr.ly/6182txpOE. #Jacks
1.7K views4 months ago
FacebookJackson Hewitt Tax Service
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The 2025 overtime tax deduction explained:⁠ ⁠ The Perk: Deduct up to $12,500 (single) or $25,000 (joint) of overtime pay.⁠ ⁠ The Catch: It only applies to the overtime portion of your pay, not your regular hourly wages.⁠ ⁠ The Result: A potentially bigger tax refund.⁠ ⁠ If you’re wondering how does the overtime tax credit work, the answer is: it’s actually a deduction that lowers your taxable income. How to file no tax on overtime is easy—just let TurboTax handle the math so you can focus on lit
0:37
The 2025 overtime tax deduction explained:⁠ ⁠ The Perk: Deduct up to $12,500 (single) or $25,000 (joint) of overtime pay.⁠ ⁠ The Catch: It only applies to the overtime portion of your pay, not your regular hourly wages.⁠ ⁠ The Result: A potentially bigger tax refund.⁠ ⁠ If you’re wondering how does the overtime tax credit work, the answer is: it’s actually a deduction that lowers your taxable income. How to file no tax on overtime is easy—just let TurboTax handle the math so you can focus on lit
1.5K views2 months ago
FacebookIntuit TurboTax
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