What to know about tax breaks for tips, overtime when filing state tax returns

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2 Comments

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    1. This was a naked tip-o-the-hat to a selected class of workers. I agree it is poor tax policy since there is no rationale behind it. That said, I am all for making life more affordable for people who get tips, but OT is often earned by people in higher income brackets.

      It’s especially outrageous since the premium part of overtime is exempt even for couples earning up to $300,000! Make that $50,000 or $75,000 tops, and I’d say it’s maybe okay. Still makes no sense from a policy POV.

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