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payroll:reports:quarterlyannualreports:reportableovertimeforcalendarytd [2025/12/18 17:12] – emorenopayroll:reports:quarterlyannualreports:reportableovertimeforcalendarytd [2025/12/18 17:53] (current) – emoreno
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 //**Payroll > Reports > Quarterly Annual Reports > Reportable Overtime for Calendar YTD**// //**Payroll > Reports > Quarterly Annual Reports > Reportable Overtime for Calendar YTD**//
  
-<WRAP round intro>This report provides the amount of overtime that is being reported in the **Reportable Overtime** field on the [[payroll:maintenance:calendarytddata:calendarytd|Payroll > Maintenance > Calendar YTD Data > Calendar YTD]] tab. 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.+<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. 
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 +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.
  
  
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 For the 2025 tax year, reportable overtime (OVTM) will print in box 14 on the W-2. For the 2025 tax year, reportable overtime (OVTM) will print in box 14 on the W-2.
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 +**Note**: Currently, the report is available for download only as a PDF. A CSV download option will be added in a future release.
 </WRAP> </WRAP>
  
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 [[payroll:reports:quarterlyannualreports|Generate the report.]] [[payroll:reports:quarterlyannualreports|Generate the report.]]
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payroll/reports/quarterlyannualreports/reportableovertimeforcalendarytd.1766077974.txt.gz · Last modified: 2025/12/18 17:12 by emoreno

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