Updated:
No Tax on Overtime Calculator 2026
A no tax on overtime calculator for the 2026 tax year: log your hours week by week and the spreadsheet works out your qualified overtime, your Schedule 1-A deduction and the federal income tax it saves.
Preview
What's inside
- No_Tax_on_Overtime_Calculator_2026_Blank.xlsx
- No_Tax_on_Overtime_Calculator_2026_Example.xlsx
- Qualified_Overtime_W-2_Box_12_TT_Employer_2026_Blank.xlsx
- Qualified_Overtime_W-2_Box_12_TT_Employer_2026_Example.xlsx
What's included:
- Employee workbook, filled-in example (Excel): a warehouse lead's full 2026 with night-shift differential, a bonus, a raise and double-time weeks
- The same employee workbook, blank (six tabs, same layout)
- Employer worksheet for W-2 box 12 code TT, example + blank: up to 40 employees, exempt and owner-manager rows set to $0
What it does:
- FLSA regular rate each week: shift differentials and bonuses raise the half-time premium
- Counts overtime in the year it is paid
- Schedule 1-A Part III lines 14 to 21: $12,500 / $25,000 cap and the $100 per full $1,000 MAGI reduction
- 2026 brackets for all four filing statuses
- W-2 Check: compares your box 12 code TT with your own log and writes the note to payroll when it is short
Who it's for: hourly workers with overtime (nurses, warehouse, manufacturing, trades) and small employers preparing 2026 Forms W-2, due February 1, 2027.
Every rule is cited to the IRS fact sheet FS-2026-13 (August 2026), Schedule 1-A and Rev. Proc. 2025-32. General information, not tax advice.
How to edit: Microsoft Excel, Google Sheets or LibreOffice Calc. Yellow cells are inputs, the rest calculates.
Format: .xlsx, US Letter, prints one page wide. US dollars and MM/DD/YYYY dates.
- Fill-in guide in every file: a “Fill in with AI” chapter with ready-made sentences for an AI chat assistant, matched to the template’s fields
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A template you fill in yourself — not legal or tax advice.