Who understands the overtime tax emptions?

[Smash]

I have particular interest in this as a LOT of my income comes from overtime. My overtime structure is complicated as I am not hourly per se. I work off of commission and get a percentage of commission as an overtime hourly rate.

I read that the cap is at 12.5k for single and 25k for married. Is that for nontaxable overtime or 25k in tax break?

Also I read that this may be capped at a certain income. It seems they were aiming this at people who make around 32k or so. If I am in 6 figures is any of this even applicable to me?

 

[Dan Gleesak]

I remember overtime

 

[Floyd Eye]

I got 8 hours today. Wonder if they'll tax it.

 

[Laputan Machine]

I heard it was capped at 80k, so if you make more than 80k with overtime you don't get to use it.

 

[Bad Brain]

OTC offers good legal and medical advice as well.

 

[Bad Brain]

My overtime structure is complicated as I am not hourly per se.

I have no clue about any of this but it strikes me as the sort of thing that might disqualify. Hopefully not!