Anonymous wrote:It's capped at 12,500 per year. So the benefit is limited.

It’s $25,000 for married filing jointly. That’s a nice bonus for first responders.

Between the no tax on overtime and Governor Youngkin’s Bold Blue Line initiative it’s a no-brainer for out of work professionals and graduating college students to go the law enforcement route.

Increased wages

Additional funding for equipment and training

Pension + deferred compensation retirement plan

Excellent health insurance

Potential to earn$200k+

Take home vehicle

No tax on overtime

Retirement after 20 years

I’m a Police dispatcher and get OT. I take the hours thought not the money. So if I work an extra 4 hours I’ll take 6 hours of comp time instead of 4 hours OT pay.

I get OT as a nurse. My husband gets OT as a fed LEO.

It's capped at 12,500 per year. So the benefit is limited.

I have 2 brothers. One is a 4th year cop making $98k but $150k with OT. The other is a union iron worker making $110k but $170k after OT.

It'll be a big difference for some people to have that extra refund too.

If more people want to be OT qualified workers, there will be fewer hours for them overall thus negating the need for OT.

Anonymous wrote:I’m a salaried fed but get paid overtime because of our union contract. I know police officers get a lot of OT. So do trades people and some healthcare professions. I can definitely see these becoming more popular paths. However I hope employers won’t use this as an opportunity to lower wages since they can now “pay” their employees more through no taxes. I just don’t trust the wealthy employer class to not twist this to their advantage and am fairly cynical.

The OT wages are still taxed. People will get the money refunded when they file their taxes after the first of the year.

I’m a salaried fed but get paid overtime because of our union contract. I know police officers get a lot of OT. So do trades people and some healthcare professions. I can definitely see these becoming more popular paths. However I hope employers won’t use this as an opportunity to lower wages since they can now “pay” their employees more through no taxes. I just don’t trust the wealthy employer class to not twist this to their advantage and am fairly cynical.

Now that there are tax advantages for workers that earn overtime should people reconsider the careers they pursue? Anyone that works in a salaried position where the employees routinely put in more than 40 hours per week will be at a significant financial disadvantage. It also seems that the sectors of the workforce that offer an hourly wage are also the ones least likely to be replaced by AI.