Overtime Tax Calculator
Overtime Tax Impact
Calculate how much you actually take home from overtime pay after taxes
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Formula
Net OT = Gross OT - Marginal Federal Tax - SS (6.2%) - Medicare (1.45%) - State Tax
Frequently Asked Questions
Is overtime taxed at a higher rate?
Overtime is taxed at your marginal tax rate like all other income. It may appear more heavily taxed because your employer withholds at the rate assuming that paycheck is typical, but you will get any overpayment back as a refund.
How much of my overtime do I actually keep?
Depending on your tax bracket and state, you typically keep 55-75% of your overtime pay after federal income tax, state tax, Social Security, and Medicare.
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