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No Tax on Overtime Calculator 2026 | Excel + Google Sheets, Overtime Premium Deduction, W-2 Box 12 TT Tracker (Digital Download)

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  • Digital download
  • Digital file type(s): 4 Files
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Price:$10.49

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Specifications

A no tax on overtime calculator for the 2026 tax year, for Excel and Google Sheets: log your hours week by week and it works out your qualified overtime, your Schedule 1-A deduction and the federal income tax it saves.

What's included:
• Employee workbook, filled-in example (Excel): a warehouse lead's full 2026 with night-shift differential, a bonus, a raise and double-time weeks
• The same employee workbook, blank (six tabs, same layout)
• Employer worksheet for W-2 box 12 code TT, example + blank: up to 40 employees, exempt and owner-manager rows set to $0

What it does:
• FLSA regular rate each week: shift differentials and bonuses raise the half-time premium
• Counts overtime in the year it is paid
• Schedule 1-A Part III lines 14 to 21: $12,500 / $25,000 cap and the $100 per full $1,000 MAGI reduction
• 2026 brackets for all four filing statuses
• W-2 Check: compares your box 12 code TT with your own log and writes the note to payroll when it is short

Who it's for: hourly workers with overtime (nurses, warehouse, manufacturing, trades) and small employers preparing 2026 Forms W-2, due February 1, 2027.

Every rule is cited to the IRS fact sheet FS-2026-13 (August 2026), Schedule 1-A and Rev. Proc. 2025-32. General information, not tax advice.

How to edit: Microsoft Excel, Google Sheets or LibreOffice Calc. Yellow cells are inputs, the rest calculates.

Format: .xlsx, US Letter, prints one page wide. US dollars and MM/DD/YYYY dates.

Digital download – no physical item will be shipped.
• Fill-in guide in every file: a “Fill in with AI” chapter with ready-made sentences for an AI chat assistant, matched to the template’s fields

Disclosure (Etsy policy): this item was designed by the seller with the help of AI tools.

  • Item type
    Digital download
  • Digital file type(s)
    4 Files
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Listed on Oct 19, 2026