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Overtime

All articles tagged with #overtime

IRS mandates W-2 reporting for overtime deduction in 2026 with clarified eligibility
business7 days ago

IRS mandates W-2 reporting for overtime deduction in 2026 with clarified eligibility

For 2026, employers must report the eligible overtime amount on workers’ W-2s (box 12 code TT); only the overtime premium—the extra 0.5x pay above the regular rate—qualifies for the deduction, capped at $12,500 for singles or $25,000 for married couples and phased out at $150k/$300k. Unlike 2025, where reporting was waived, this year requires employer reporting; workers should still verify the amount on their pay stubs and request a corrected W-2 if it’s inaccurate. About 29 million taxpayers claimed the deduction in 2025 with an average of over $3,100.

via CNBC|
#business#irs#overtime
budget-and-taxes12 days ago

Trump-Era Tax Breaks Spark a Wave of Targeted Deductions in Congress

Trump’s targeted tax breaks have sparked a bipartisan rush to copycat deductions—from overtime and tipped-income relief to boat-loan interest and border-patrol exemptions—raising questions about permanence and cost as 2028 expirations loom. Proposals seek to extend or broaden who qualifies, including expanded medical/home‑buying deductions and new credits, with millions already benefiting (more than 35 million seniors, 29 million overtime, 7 million tipped-income) and roughly $600 billion needed to keep all four provisions. Conservatives warn they are earmarks; progressives worry about revenue and priorities; the political fight is likely to continue into the midterms and beyond.

via Politico|
#budget-and-taxes#congress#overtime
Free-Throw Woes Sink Fever in OT Heartbreaker vs Aces
sports18 days ago

Free-Throw Woes Sink Fever in OT Heartbreaker vs Aces

Fever led by 20 in the second quarter but squandered the lead and fell 86-84 in overtime to the Las Vegas Aces after Caitlin Clark missed two late free throws and committed a turnover in OT; Chelsea Gray hit the game-winning three at the buzzer as Aces sealed it. Clark finished with 20 points but just 2-for-10 from three, while Fever drop to 19-12 and Aces to 22-9; Fever next play the Sky and Aces the Lynx.

via Sports Illustrated|
#caitlin-clark#indiana-fever#las-vegas-aces
Madison encampment could drain city funds amid budget crunch
local-news24 days ago

Madison encampment could drain city funds amid budget crunch

The encampment at Williamson and Baldwin streets in Madison, set up after the Corey Ruiz shooting, could cost the city hundreds of thousands of dollars as overtime and staffing bills accumulate; Mayor Satya Rhodes-Conway says the total depends on how long it lasts, and the city may need to amend its tight 2027 budget, which already has about an $11 million gap and 2% cuts across agencies, while residents voice concerns about safety and disruption as officials rely on city staff rather than police cars to monitor the site.

via Channel 3000|
#budget#encampment#local-news
Golden Knights outlast Hurricanes in double overtime to take 2-1 Cup Final lead
sports2 months ago

Golden Knights outlast Hurricanes in double overtime to take 2-1 Cup Final lead

Vegas recovered from a four-goal lead by Carolina to win 5-4 in double overtime, with Shea Theodore netting the decisive goal 5:38 into the second OT to give Vegas a 2-1 series edge. Carolina staged a furious rally, scoring three goals in 39 seconds to pull within one and later forcing a second overtime on a six-on-four tally by Andrei Svechnikov with 1:42 remaining. The game also featured several video-review overturns and a goaltender change for Carolina in the third period. The teams head to Las Vegas for Game 4 on Tuesday, with the series history suggesting a strong chance of the Cup winner emerging from a 2-1 lead.

via The Guardian|
#carolina-hurricanes#comeback#overtime
Canes Rally in OT: Jarvis Delivers to Tie Stanley Cup Final
sports2 months ago

Canes Rally in OT: Jarvis Delivers to Tie Stanley Cup Final

Seth Jarvis scored 3:56 into overtime to lift the Hurricanes past the Golden Knights 4-3, tying the Stanley Cup Final at 1-1 after Carolina erased a two-goal deficit in the third. Vegas forced OT with 3:29 left when Mark Stone tapped in a rebound, but Jarvis ended it early in the extra frame. Frederik Andersen stopped 23 shots as Carolina improved to 6-0 in OT this postseason, and the series heads to Las Vegas for Game 3.

via NHL.com|
#carolina-hurricanes#hockey#overtime
Jarvis's OT Goal Lifts Hurricanes to 4-3 Win, Ties Cup Final 1-1
sports2 months ago

Jarvis's OT Goal Lifts Hurricanes to 4-3 Win, Ties Cup Final 1-1

Seth Jarvis scored on a power-play 3:56 into overtime to give the Carolina Hurricanes a 4-3 win over the Vegas Golden Knights in Game 2 of the Stanley Cup Final, tieing the series at 1-1. Carolina staged a late rally in regulation, including a tying goal on the Hurricanes’ power play after a coach’s challenge upheld a goalie-interference ruling, and Jarvis finished off the comeback with the OT winner.

via CBS Sports|
#hockey#jarvis#nhl
Carolina rallies to beat Vegas in OT, ties Stanley Cup Final at 1-1
sports2 months ago

Carolina rallies to beat Vegas in OT, ties Stanley Cup Final at 1-1

The Hurricanes erased a 2-0 deficit in the third period and won 4-3 in overtime on Seth Jarvis’s power-play goal, knotting the Stanley Cup Final at 1-1. Stankoven, Jankowski and Staal sparked the rally, while Vegas received a two-goal burst from Howden and endured a late challenge that backfired, plus an injury to Brayden McNabb, before Jarvis delivered the series-changing OT winner.

via The New York Times|
#hurricanes#jarvis#overtime
Helenius’s OT clinches Finland’s World Championship gold
sports2 months ago

Helenius’s OT clinches Finland’s World Championship gold

Konsta Helenius scored the overtime winner to lift Finland to a 1-0 victory over Switzerland in the IIHF World Championship gold medal game, finishing with 3 goals and 6 points in six games after also scoring the semifinal winner against Canada. The 20-year-old winger, who has shone on a top line with Barkov and Granlund, spent a standout season across the AHL and NHL with Buffalo before returning to form for Finland.

via NHL.com|
#finland#helenius#iihf-world-championship
politics3 months ago

Mamdani OKs 12-hour NYPD shifts for World Cup coverage

Mayor Zohran Mamdani approved 12-hour NYPD shifts for most uniformed officers from July 1–7 to handle World Cup crowds and other summer events, a move that will boost overtime costs (analysts estimate more than $20 million for July) and could alienate progressive supporters who want to curb police spending, as he defers to Police Commissioner Jessica Tisch on the plan.

via Politico|
#new-york-city#nypd#overtime
Svechnikov's OT winner lifts Hurricanes past Canadiens in Game 3
sports3 months ago

Svechnikov's OT winner lifts Hurricanes past Canadiens in Game 3

Andrei Svechnikov scored at 14:06 of overtime to lift the Carolina Hurricanes to a 3-2 win over the Montreal Canadiens in Game 3 of the Eastern Conference Final, giving Carolina a 2-1 series lead. Gostisbehere and Hall opened the scoring for Carolina, while Matheson and Hutson answered for Montreal; Frederik Andersen made 11 saves and Jakub Dobes 35. The series heads to the Bell Centre for Game 4 on Wednesday.

via NBC Sports|
#carolina-hurricanes#east-final#montreal-canadiens