I have have finally finished and understand all pages of Notice 2025-69, to the point not educating and being comfortable and confident that i am giving you guys accurate information. Loved the patiencec So yeah IRS Notice 2025 69 it pretty much just says that you as the employee your job was supposed to give you your overtime deduction amount. An estimated 18 million returns could be filed incorrectly this year without the taxpayer even knowing it. If your overtime is claimed wrong, the IRS can assess up to a 20 percent accuracy related penalty. Crazy i know i doubt it will happen, but let's always do the right thing always and follow the rules. In other words Notice 2025-69 Also keep in mind Not all overtime qualifies. Only FLSA overtime over 40 hours in a workweek paid at time and a half counts. And the number you deduct is not your total overtime paid. The key number is one third of your qualifying overtime premium. That .33 is where most people mess up. So I built something for you. Visit the other link in my bio to generate your OvertimeProof Report. It calculates your qualified amount correctly, shows your estimated savings, and creates a report referencing IRS Notice 2025 69 that you can keep with your W 2 or paystubs for at least three years for audit protection. No ads. No data collection. Just accuracy and protection.
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