Overtime Deduction Estimator
Final allowed deduction
$0
Qualified overtime compensation included in Form W-2, box 14. Otherwise, it may be included in Form 1099-NEC, box 1, or Form 1099-MISC, box 3.
Note: This calculator applies the MAGI-based phaseout for 2025 — threshold at $150,000 (single) or $300,000 (married filing jointly). After applying the deduction cap ($12,500), the deduction is reduced by $100 for each $1,000 (rounded down) your MAGI exceeds the threshold. These are federal-income deductions only; payroll taxes and state treatment may differ.
These calculators provide estimates for general planning and are for informational purposes only. They are not a substitute for professional tax advice; consult a qualified tax professional for guidance specific to your circumstances.