A taxpayer in the 22% federal bracket qualifying for the full $12,500 overtime deduction could reduce federal income tax by up to $2,750.
reported by one outlet so far · Attributed statement · first recorded Jul 8, 1:30 AM
How each outlet reported it
kiplinger.comUnrated · Jul 8, 12:45 AM
If you're in the 22% federal tax bracket and qualify for the full $12,500 overtime deduction, it could reduce your federal income tax by up to $2,750
Details: 22% tax bracket; $12,500; $2,750 reduction