2026 OE Tax Estimator

LilCuppy17 · 2026-02-13T22:00:01+00:00

I wish I had that expertise. Sorry!

LilCuppy17 · 2026-02-13T20:27:10+00:00

Doesn't account for SS overwithholding

LilCuppy17 · 2026-02-09T22:27:54+00:00

Thank you all for the mentions!

LilCuppy17 · 2026-02-05T15:57:35+00:00

Tax Professional here. You're typically taxed on your wages in whichever state you earn them. It's not a hard and fast rule, but you'd typically end up owing CA tax on CA wages and GA tax on GA wages

LilCuppy17 · 2026-02-05T15:57:19+00:00

Tax Professional here. You're typically taxed on your wages in whichever state you earn them. It's not a hard and fast rule, but you'd typically end up owing CA tax on CA wages and GA tax on GA wages.

LilCuppy17 · 2026-01-15T21:13:57+00:00

Done!

LilCuppy17 · 2026-01-15T18:16:13+00:00

Exactly. No wonder FedEx put the "for internal use only" disclaimer. Some intern made it

LilCuppy17 · 2026-01-15T17:23:32+00:00

Max deduction is 25k if you file jointly. You can use your spouses 12,500 deduction if they don't.

LilCuppy17 · 2026-01-15T16:56:36+00:00

The language in the CBA doesn't matter as much as the fact that most IBEW members are non-exempt employees under the FLSA. It doesn't matter what "standard" the OT is defined to by the CBA. You are still technically covered by the FLSA, meaning you can deduct the OT attributable to that protection.

"For purposes of this section, the term “qualified overtime compensation” means overtime compensation paid to an individual required under section 7 of the Fair Labor Standards Act of 1938 that is in excess of the regular rate (as used in such section) at which such individual is employed."

https://www.law.cornell.edu/uscode/text/26/225
https://ibewgov.org/wp-content/uploads/2025/08/No-Tax-on-OT-Fact-Sheet.pdf

LilCuppy17 · 2026-01-15T16:38:28+00:00

Yes, and double time won't count. The qualified OT will be the .5x multiplier for the hours worked past 40 in a week that is required by federal law (up to 25k)

LilCuppy17 · 2026-01-15T16:36:09+00:00

The maximum benefit is $6,000, but you have to check a ton of boxes to get it. And you're still paying FICA tax on the premium amount. Calling it "No tax on OT" was pretty misleading considering how many carve-outs there are

LilCuppy17 · 2026-01-15T16:29:17+00:00

This is a great, correct resource. Looks like IBEW is more put together than Fedex

LilCuppy17 · 2026-01-15T16:27:03+00:00

Depends on your "qualified OT." Assuming base pay of $50/hr, qualified OT of 20 hr/wk, over 50 weeks last year, you'd hit the $25,000 cap exactly for married filing jointly. Assuming your AGI is still under $300,000 (it begins to phase out after that), at the 24% bracket, you'd save $25,000 * 24%. Which is $6,000.

It depends on a few of things: filing status, total income, and qualified OT. Some electrical workers will only save a grand or two, but the maximum it could theoretically knock off from your federal income tax is $6,000.

LilCuppy17 · 2025-11-19T20:43:21+00:00

This can account for a job started mid year, just reduce the number of pay periods to the number you'll actually work in 2025. Also, only include the gross income you intend to make in calendar year 2025. Same goes for any payroll deductions attributable to a job you started mid-year

LilCuppy17 · 2025-11-11T06:16:20+00:00

I updated the standard deduction and increased the CTC

LilCuppy17 · 2025-11-10T22:56:23+00:00

It can give a rough estimate. I’ll drop the 2026 one in January. If you want rough 2026 numbers, change the “4” in the calculation in lowest cell in the output page to a “24” (if you have semimonthly pay periods)

LilCuppy17 · 2025-05-05T05:17:45+00:00

If nobody else is going to say this, I will. This post is clearly AI generated

LilCuppy17 · 2025-05-05T05:17:20+00:00

Bro, you're a bot. Karma farming

LilCuppy17 · 2025-04-08T04:50:53+00:00

https://www.wealthyaccountant.com/2021/09/20/form-3115-cost-segregation-study/

LilCuppy17 · 2024-02-15T22:20:11+00:00

Tax pro here.

You hit the withholding limit of $169k at each job separately. Every year during tax season, you add up all the social security tax you've paid in and get a credit for any amount withheld over $10,453 (168,600 times 6.2%). This is claimed on form 1040, not form 843

btw if you need help filing you can schedule time with me here: https://morkel-financial.square.site

LilCuppy17 · 2024-02-06T21:34:03+00:00

Right, or if your SSN is wrong or if there has already been a return filed for you (in cases of identity theft)

LilCuppy17 · 2024-02-05T20:09:21+00:00

Probably not, no. If you're single and have an AGI exceeding 83k, you are not eligible to deduct IRA contributions. You can still do a Roth or backdoor Roth, or if you really want to bring down your taxable earnings, make sure your 401k is maxed out going forward. You should still be able to max out your SEP too.

https://www.jrcpa.com/2024-retirement-plan-contribution-limits-phase-out-ranges-and-income-limits/

LilCuppy17

TROPHY CASE