Starting with tax year 2026, overtime is reported on the W-2 in two places. Total overtime wages still appear in Box 1 with all other taxable pay, while the premium portion of FLSA-required overtime, the “half” in time-and-a-half is reported separately in Box 12 under new Code TT. That Code TT amount, called qualified overtime…
How Is Overtime Reported on the W-2? What Changes for Tax Year 2026 Read More »
If you’re an employer, grasping the intricacies of overtime pay laws is crucial to ensuring fair compensation and compliance with regulations. This resource guide delves into the essentials of overtime pay, offering insights that every business owner should be well-versed in. What is overtime pay? Overtime wages, commonly known as time and a half, refer
What is overtime pay? Here’s what every small business needs to know Read More »
17 opinion letters that were previously withdrawn by the Obama Administration were reissued on January 5 by the Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL). What are opinion letters and why do these particular letters signify so much? What’s the bottom line for employers? Opinion Letters The publication of opinion letters
DOL Reissues 17 Withdrawn Opinion Letters: Why It Matters Read More »
The fate of the overtime rule has had employers in suspense for the past four months, but now, according to one member of President Trump’s transition team, a final resolution isn’t far off. According to Tammy D. McCutchen, principal at Littler Mendelson and a member of President Trump’s transition team, the Trump administration is prolonging the decision
An Update on the Overtime Rule Read More »
Employers across the nation were stunned when a federal judge issued an injunction blocking President Obama’s landmark legislation extending mandatory overtime pay to millions, one week before its December 1st start date. Since the ruling was issued on Tuesday, November 22nd, little else has been reported, leaving employers nationwide wondering whether the rule will be axed permanently. While
What’s Going on with the Final Rule Regarding Overtime Pay? Read More »
A federal judge in Texas blocked an Obama administration rule on Tuesday expanding mandatory overtime pay to millions of salaried workers. The regulation, which was developed with the Department of Labor, would have doubled the salary level under which salaried workers are eligible for earning overtime pay. The rule was scheduled to take effect on
Judge Blocks Rule Extending Overtime Pay to Millions of Salaried Workers Read More »
As you hopefully know, starting on December 1st, effectively 4.2 million workers currently exempt from earning overtime will be qualified to earn overtime due to the “Final Rule” passed by the Department of Labor (DOL) on May 16th, 2016. By definition, an individual is currently exempt from earning overtime if he or she meets all
How to Prepare for the New Overtime Changes Read More »
When it comes to holiday time off, it seems like the rumor mill never stops spinning. Depending on who you ask, you’ll get different intel. “For federal holidays we get time off,” one colleague might say. “But do we get paid?” another asks. That same source might reply “Yes and I think it’s overtime.” But what’s the
Do I Have to Pay Employees for Holidays? Read More »
Determining what should be paid for and what shouldn’t on a regular workday not seem difficult. For instance, the daily commute to and from work isn’t compensable, and a few minutes chatting with colleagues at the water cooler tends to go by un-penalized. However, have you ever stopped to think why? Instinctually you might say
Hours Worked: What’s Compensable in a Day’s Work? Read More »
Typically, overtime is owed to nonexempt employees after exceeding working 40 hours in a workweek or, in some states, exceeding working 8 hours in a day. However, not all overtime is calculated on a daily or weekly basis. In certain industries, special rules apply, like in the case of nonexempt employees working in hospitals and residential
Biweekly Overtime: When Is It Appropriate? Read More »
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