TAX changes for us?

VeniVincentvici · Aug 9, 2025

VeniVincentvici said: ↑

Ok this tread has a lot wrong in it so I'm going to try and address as much as I can.

1-The reality is nationwide only 2-3% of people in all industries will see any meaningful benefit. This will make more sense after I explain everything.

2-if eligible for the benefit it is only on the premium! This is the extra portion not the full overtime pay, it I'll show an example $20hr. So OT pay is $30hr the premium is the 1/2 so it $10
So to get $12500 exemption one needs 1250hrs of overtime in the above example. I'll post the language of the rules at the bottom.

3. Even if you work for a company or in a state that results in one getting overtime pay that does not mean you are going to get the exemption, this is a federal change not a state and it affects federal taxes so the federal rules trump the state rules, the language of the law/rule/regulation matters.

4. They have decided what Ot is and who it applies too, I'm going to paste the section from H.R.1 aka the big beautiful bill, or aka the ######## bill.

From H.R.1 title VII section 70202 No tax on overtime, page 103 of the pdf downloaded directly from fed gov page

‘‘(c) QUALIFIED OVERTIME COMPENSATION.—
‘‘(1) IN GENERAL.—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"

6 so there is a lot to break out of this one the exemption is specific to the FLSA regulated employees only, I could past some from that but Im not making a novel, so I'll sum it up, do you drive a truck across state lines or even if you don't are you a Part 49 fmcsr company that is registered for interstate commerce/ a safety sensitive employee, is the truck over 10,000lbs, so even a local FedEx, ups, driver ect all will make you unable to claim the exemption as most drivers are regulated by the federal motor carrier safety regulations and drive trucks over 10k.

Next it's says "a rate that is in excess of the regular rate". This is why my example above is there and why I said premium it's only the 1/2 above and even the irs site now states this, so the qualified amount that premium not the other part.

This is long enough, basically your 97.5% not getting this exemption as a truck driver regardless of if you do get paid hourly!!!!
‘
Click to expand...

VeniVincentvici · Aug 9, 2025

I posted the above in the other one about this, getting hourly pay doesn't matter and how some of you have calculated the it is not accurate, read the above post or go to this link if you have a twitter account

https://x.com/venivincentvici/status/1953540441292607754?t=k6SOKQrTQkcFT1wqNl5unQ&s=19

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TAX changes for us?

VeniVincentvici Bobtail Member

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