An important reminder for all OLLU employees who may have earned overtime pay in 2025 from the payroll department:
Starting with your 2025 Form W‑2, a few employees may notice a new entry in Box 14 labeled “Qual OT.”
This entry will appear only for employees who received Qualified Overtime in 2025 under federal overtime rules.
This amount represents the premium portion of your overtime pay (the extra half‑time required under federal law) and is being provided to help you take advantage of a potential tax benefit created by recent federal legislation.
Key Points to Know
- Not all employees will see this entry. Salaried employees who are exempt from overtime and hourly employees who did not earn any Qualified Overtime in 2025 will not have a “Qual OT” amount on their W‑2.
- This amount does not affect your taxable wages or your paycheck.
- It is provided for informational purposes only to assist you when filing your 2025 federal tax return.
- You may use this figure when determining eligibility for the new overtime deduction on your federal return.
If you have questions about how this information may affect your tax filing, please consult a qualified tax professional or visit IRS.gov for more details.
Thank you for reviewing this update. We are committed to keeping you informed about changes that may benefit you.