If they work 50 hours a week, exempt employees get the same salary as if they work 30. Tip. ... An employer can legally pay exempt employees for overtime. The pay can be a bonus, a flat sum, ...

Workers earning "midrange" pay can still see meaningful savings. A warehouse supervisor earning $60,000 with $10,000 in overtime could take off a couple of thousand dollars from their federal tax bill ...

President Donald Trump’s "One Big Beautiful Bill Act" is now law. So when does it take effect? Here's a look at when its ...

As of July 4, 2025, the One Big Beautiful Bill Act allows workers to deduct up to $12,500 of overtime pay ($25,000 for joint ...

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in the $50,000 to $100,000 range, shielding $12,500 in overtime or $25,000 in ...

In this case, the employee will receive their regular pay of $800 ($20 X 40 hours), plus $300.00 in overtime, or $1,100.00. Salaried employee example.

Up until July 1, salaried workers making $684 per week, or $35,568 per year, or more were exempt from getting overtime pay. On that day, that threshold went up to $844 per week, or $43,888 per year.

When deciding how to pay your employees, you have two main options: salary or hourly wages. Each has its own advantages and ...

You can potentially make more money with hourly pay – particularly if you work more than 40 hours a week – since employees paid this way are eligible for overtime compensation.