Demystifying Overtime Taxation: What You Should Know
Various considerations may cross your mind when contemplating extra hours at work. One common concern is whether overtime comes with higher taxes and, more fundamentally, whether the additional effort is worthwhile. Many individuals assume that working more hours and earning more money inevitably leads to a higher tax burden. While this might seem logical, the reality is more nuanced. Working overtime doesn’t necessarily mean making less money due to increased taxes.