This post is dedicated to Payroll Mate and W2 Mate Alabama users who are required to report exempt overtime wages on form W-2.
The Alabama Department of Revenue proposes that exempt overtime wages be reported in Box 14 of employees Form W-2 using “EX OT WAGES” as the indicator: for example, EX OT WAGES- $15,250.
If space becomes an issue in Box 14, this may be abbreviated (e.g., EX OT $15,250), or the text may be wrapped.
Please not that W-2Box 14 reporting of Alabama exempt overtime begins with the 2024 tax year.
To enter the Alabama exempt overtime wages on form W-2 using W2 Mate:
- Open W2 Mate software.
- Click on the “W2 Forms” screen from the left toolbar.
- Click “Select” and highlight the employee for whom you wish to update the W-2 form.
- Click the OK button.
- Highlight Box 14.
- If you are reporting $5000.00 as exempt overtime wages for example, then enter “EX OT $5,000”.
- Click the “Save” button.
- Repeat the same steps for the rest of your employees.
- Now click the “Print” button and select the employees you want to print the W-2 form for, select the copy type and then click OK.W2 Mate will print the W2 forms with Alabama’s overtime pay exemption included in Box 14.
- Review your W2 Forms and Hand out to your employees.