Business

User Tools

Site Tools

Trace:
payroll:reports:quarterlyannualreports:reportableovertimeforcalendarytd

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
payroll:reports:quarterlyannualreports:reportableovertimeforcalendarytd [2025/12/18 13:47] – emorenopayroll:reports:quarterlyannualreports:reportableovertimeforcalendarytd [2025/12/18 17:53] (current) – emoreno
Line 5: Line 5:
 //**Payroll > Reports > Quarterly Annual Reports > Reportable Overtime for Calendar YTD**// //**Payroll > Reports > Quarterly Annual Reports > Reportable Overtime for Calendar YTD**//
  
-<WRAP round intro>Include the short page introduction here.</WRAP>+<WRAP round intro>This report provides the amount of overtime being reported in the **Reportable Overtime** field on the [[payroll:maintenance:calendarytddata:calendarytd|Payroll > Maintenance > Calendar YTD Data > Calendar YTD]] tab by employee and pay date. 
 + 
 +The **Reportable Overtime** calculation captures the half-time portion of overtime pay from the [[payroll:maintenance:hourspaytransmittals:ovtmhours|Payroll > Maintenance > Hours/Pay Transmittals > Ovtm Hours]] tab, which must be reported to employees. Eligible overtime wages include pay for hours worked over 40 in a week, calculated at 1.5 times the regular rate. Only the additional half-time portion, the extra 0.5 rate applied to overtime hours, is reportable. 
 + 
 + 
 +If overtime is paid as supplemental pay, it will not be calculated in the **Reportable Overtime** field on the [[payroll:maintenance:calendarytddata:calendarytd|Payroll > Maintenance > Calendar YTD Data > Calendar YTD]] tab. You must manually calculate the reportable amount and enter it. 
 + 
 +For the 2025 tax year, reportable overtime (OVTM) will print in box 14 on the W-2. 
 + 
 +**Note**: Currently, the report is available for download only as a PDF. A CSV download option will be added in a future release. 
 +</WRAP>
  
  
Line 18: Line 28:
    
 [[payroll:reports:quarterlyannualreports|Generate the report.]] [[payroll:reports:quarterlyannualreports|Generate the report.]]
- 
- 
-{{indexmenu_n>25}} 
- 
  
  
  
 {{indexmenu_n>30}} {{indexmenu_n>30}}
 +
  
  
  
payroll/reports/quarterlyannualreports/reportableovertimeforcalendarytd.1766065679.txt.gz · Last modified: 2025/12/18 13:47 by emoreno

Page Tools

Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International

Americans with Disabilities Act (ADA) and Web Accessibility

The Texas Computer Cooperative (TCC) is committed to making its websites accessible to all users. It is TCC policy to ensure that new and updated content complies with Web Content Accessibility Guidelines (WCAG) 2.0 Level AA. We welcome comments and suggestions to improve the accessibility of our websites. If the format of any material on our website interferes with your ability to access the information, use this form to leave a comment about the accessibility of our website.