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Under the new “One Big Beautiful Bill” signed in July 2025, certain taxpayers may qualify for a federal deduction on Qualified overtime pay — but only if you meet the rules: Here’s an example - Let’s say that your regular hourly pay is $20 p/hr and your overtime pay is $30 p/hr. ↪️ The overtime pay that qualifies is only $10 ($30-$20) Here’s what matters 👇 ✅ You must earn overtime pay • Overtime = hours worked over 40 per week • Only the Premium portion of the overtime pay qualifies for the ded
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Under the new “One Big Beautiful Bill” signed in July 2025, certain taxpayers may qualify for a federal deduction on Qualified overtime pay — but only if you meet the rules: Here’s an example - Let’s say that your regular hourly pay is $20 p/hr and your overtime pay is $30 p/hr. ↪️ The overtime pay that qualifies is only $10 ($30-$20) Here’s what matters 👇 ✅ You must earn overtime pay • Overtime = hours worked over 40 per week • Only the Premium portion of the overtime pay qualifies for the ded
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