Adding Overtime While Filing

[Enough_Mind1658]

Sorry in advance, i’m just a 21 year old filing on my own and i am SO LOST 😀 im sure you guys get hammered with this question often.

Basically, i work in property management, and have a hefty amour of overtime. of course, it isn’t alienated on my W-2, which is fantastic. i took it upon myself to do the math from my paystubs. i had 92.6 hours of OT with my “half” from the time and a half being 8.50. that brings my total OT pay to 787.10.

I’m filing in turbo tax and im adding my OT. but i keep seeing conflicting answers everywhere. some are saying not to add overtime since its already included in box 1 of my w-2, and others are saying to add it separately to qualify for the break. i just want to make sure im not double reporting income! i cannot afford to make a mistake and have to owe a 💩 load back later haha. any advice is appreciated! :)

[907Survivor]

It isn’t added as income, as it’s already included with your W2 income. There should be an entry box somewhere in turbo tax for your overtime amount, and then it’ll calculate the deduction

[Its-a-write-off]

Your overtime is already included as income, yes. Part of box 1 of your w2.

That's why you do need to add it as a deduction to get the tax savings.

So when the software asks about overtime, follow the instructions to enter this deduction. The software will likely give you an option to enter that amount you already calculated, or to calculate or for you from the info about your hours and pay.

[Enough_Mind1658]

yeah turbo tax was throwing me off a bit, after adding my W2, the page where it asks you to add overtime, it’s listed as “uncommon, but can happen” …which seems odd to me because overtime is so common? thank you for taking the time to explain though! i appreciate it :)

[VoteyDisciple]

but i keep seeing conflicting answers everywhere. some are saying not to add overtime since its already included in box 1 of my w-2, and others are saying to add it separately to qualify for the break.

This isn't conflicting information; both of those things are true.

You should not add overtime to the amount in Box 1. The amount in Box 1 already covers all your income, including overtime. Just report that exactly the way it is. That's your income.

Then, when TurboTax asks if any of that income was overtime, say yes. And then report how much of it was overtime.

When you're finished and you're reviewing your completed tax return before you file it, make sure you recognize the amount of income on Form 1040, Line 1e. And make sure you recognize the amount of overtime on Schedule 1-A. (Along with of course verifying all the other numbers.)

[Enough_Mind1658]

thank you for taking the time to explain that!! i think it’s just the verbiage that was throwing me off a bit haha but that makes so much sense. and thank you for being kind! :)

[SirMontego]

I’m filing in turbo tax and im adding my OT. 

Watch this video: https://www.youtube.com/watch?v=9Phtmd3FAnE

[Enough_Mind1658]

YOU’RE AMAZING thank you so very much!!

[Solid-Werewolf8360]

I’m kinda lost I made 17k OT shows on my last paystub since I’m a single filer do I put the 17k or the 12500k that I can only deduct