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[quote=Anonymous][quote=Anonymous]No you do better Project 2025 100% says no more overtime pay required. It is a law that they get time and a half on holidays and over time pay.[/quote]

I’m still waiting to hear how Project 2025 will manage to influence local governments across the nation when very few departments receive any funding at all from the Feds. BTW, the OBBB created the tax credit through 2028, so you’ll sound uninformed for at least another 3 years.

[quote=Anonymous]"Trump’s OBBB created a tax credit for overtime that disproportionately advantages police officers and firefighters."

Liar this is not a thing you moron.[/quote]

[quote=Anonymous]The overtime tax deduction
A deduction, not an exemption: The OBBB provides a federal tax deduction, not an exemption, on a portion of overtime pay. The deduction lowers a taxpayer's taxable income, which can result in less tax owed or a larger refund.
"The half," not "time and a half": The deduction only applies to the premium portion of overtime wages—the "half" in "time and a half". For example, a worker earning $30 per hour in overtime (on a $20 regular rate) can only deduct the $10 premium, not the full $30.
Excludes payroll taxes: The deduction applies only to federal income tax, not to payroll taxes such as Social Security and Medicare.
Caps and phaseouts: The deduction is capped at $12,500 for individuals ($25,000 for married couples filing jointly) and begins to phase out at higher income levels.

Police and Firefighters are screwed. [/quote]

For the benefit of the above posters that must have missed the interesting discussion about police and the overtime tax credit in another DCUM section, I’ve included some quotes below. There is also an overtime tax credit calculator that estimates the amount of the credit for you.

https://ottcalculator.com/

[quote=Anonymous]Cops benefit bigly.  Most Americans are not cops and won’t benefit much from no tax on OT.[/quote]

[quote=Anonymous]The example below was posted pages ago but the poster it was directed towards disappeared. You seem smart. Please let me know what a person in this position could expect as their benefit from the overtime tax credit.

How about a young Fairfax cop earning a $90k salary that clocks 1k hours of overtime a year and files jointly with his wife who is a school teacher?

$90k salary

$65k in overtime

$80k spouse salary

Married filing jointly[/quote]

[quote=Anonymous]The tax benefit for that example is [b]$4,954[/b]

An extra $5k is a nice little bonus for a person that was going to work that number of hours anyway. Think of all those salaried employees working 60 hours a week that aren’t receiving overtime OR a tax refund for the extra hours. [/quote]
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