overtime taxes?

Question

does anyone know what the overtime taxes are for nebraska(omaha) and what regular taxes are for nebraska?(omaha), also federal tax.

also, do i just take out overtime taxes for my overtime hours, or do i apply the overtime tax to my whole paycheck

Answer 1

There is no separate tax for overtime. All wages are lumped together and the appropriate amount of tax is withheld based upon the total pay.

Go here for some handy paycheck estimators: http://www.paycheckcity.com

Answer 2

Overtime is taxe dthe same as regular pay, but the way this works is once you reach a certain wage level then you tax bracket goes up. So lets say you make $550 a week with no over time and then this week you have 1.5 hours OT then you will only pay regular tax amount for that over time and regular pay, but if you make $1000 a week then you are in the next tax bracket, which means that your earning are taxed at .17% instead of the usual .11% so that overtime you get is still taxed at the regular .17% and so is you base salary but now you are paying a 6% increase in taxes all around. The object is to make sure that your weekly income is not close to the next tax bracket to start with otherwise you end up paying more total taxes on all you income because the OT put your income into the next bracket. You would need to ask you employer if they know what the salary break is for wages, if not you can look on your own state tax website and review the listed tax amounts on earning to figure it out.