Overtime Pay Calculator

Calculate your overtime earnings including time-and-a-half and double-time rates. See your total weekly pay with regular and overtime hours.

MT
Written by Michael Torres, CFA
Senior Financial Analyst
JW
Fact-checked by Dr. James Wilson, PhD
Options Strategy Researcher
Financial PlanningFact-Checked

Input Values

$

Your standard hourly pay rate.

Hours paid at your regular rate (typically up to 40).

Hours worked beyond 40 per week.

Most overtime is 1.5x. Some holidays or contracts pay 2x.

Results

Total Weekly Pay
$0.00
Regular Pay$0.00
Overtime Pay$0.00
Overtime Hourly Rate$0.00
Annual Pay (with weekly OT)
$0.00
Overtime Earnings Boost0.00%
Results update automatically as you change input values.

How to Calculate Overtime Pay

Overtime pay is additional compensation for hours worked beyond the standard workweek. Under the Fair Labor Standards Act (FLSA), non-exempt employees must receive at least 1.5 times their regular rate of pay for all hours worked over 40 in a workweek. Some employers, union contracts, and state laws may require double-time pay for certain circumstances like holidays, weekends, or hours exceeding a daily threshold.

Overtime Pay Formula
Total Pay = (Regular Hours x Regular Rate) + (Overtime Hours x Regular Rate x Multiplier)
Where:
Regular Hours = Hours worked at the standard rate (up to 40/week)
Regular Rate = Your standard hourly pay rate
Overtime Hours = Hours worked beyond 40 per week
Multiplier = 1.5 for time-and-a-half, 2.0 for double-time
Overtime Pay Calculation Example
Given
Hourly Rate
$25.00
Regular Hours
40
Overtime Hours
10
Overtime Rate
Time and a Half (1.5x)
Calculation Steps
  1. 1Regular pay: 40 hours x $25.00 = $1,000.00
  2. 2Overtime rate: $25.00 x 1.5 = $37.50/hour
  3. 3Overtime pay: 10 hours x $37.50 = $375.00
  4. 4Total weekly pay: $1,000.00 + $375.00 = $1,375.00
  5. 5Annual with this OT: $1,375.00 x 52 weeks = $71,500/year
  6. 6Compared to base salary of $52,000, overtime adds $19,500/year (37.5% boost)
Result
Working 50 hours per week at $25/hour with time-and-a-half overtime, your total weekly pay is $1,375.00. Over a full year, this adds $19,500 to your base salary of $52,000, for a total of $71,500.

Overtime Pay Quick Reference Table

Weekly Overtime Pay at 1.5x (Time and a Half)
Hourly RateOT Rate (1.5x)5 OT Hours10 OT Hours15 OT Hours20 OT Hours
$15.00$22.50$112.50$225.00$337.50$450.00
$20.00$30.00$150.00$300.00$450.00$600.00
$25.00$37.50$187.50$375.00$562.50$750.00
$30.00$45.00$225.00$450.00$675.00$900.00
$35.00$52.50$262.50$525.00$787.50$1,050.00
$40.00$60.00$300.00$600.00$900.00$1,200.00
$50.00$75.00$375.00$750.00$1,125.00$1,500.00

FLSA Overtime Rules in 2026

The Fair Labor Standards Act requires overtime pay for non-exempt employees who work more than 40 hours in a workweek. The overtime rate must be at least 1.5 times the regular rate of pay. As of 2026, salaried employees must earn at least $58,656 per year ($1,128 per week) to be classified as exempt from overtime. If you are salaried but earn less than this threshold, you are entitled to overtime pay.

  • Overtime is calculated per workweek (7 consecutive days), not per pay period
  • Employers cannot average hours over two or more weeks to avoid overtime
  • Some states like California require daily overtime after 8 hours in a single day
  • California also requires double time after 12 hours in a day or after 8 hours on the 7th consecutive day
  • Exempt employees (salaried above the threshold with qualifying duties) are not entitled to overtime
  • Common exempt categories: executive, administrative, professional, computer, and outside sales employees

State-Specific Overtime Rules

While federal law sets the minimum overtime standard, several states have more generous rules. California requires daily overtime (1.5x after 8 hours, 2x after 12 hours), Colorado requires overtime after 12 hours in a day or 40 hours in a week, and Alaska requires overtime after 8 hours in a day or 40 hours in a week. Always check your state's labor laws, as the law more favorable to the employee applies.

!
Know Your Rights

Overtime violations are among the most common wage theft issues. If your employer classifies you as exempt but you perform primarily non-exempt duties, or if you earn less than the $58,656 salary threshold and are not paid overtime, you may be entitled to back pay. The statute of limitations is 2 years (3 years for willful violations).

Annual Impact of Regular Overtime

Annual Earnings With Weekly Overtime ($25/hour base rate)
OT Hours/WeekWeekly OT PayAnnual OT PayTotal Annual% Increase
0 hours$0$0$52,0000%
5 hours$187.50$9,750$61,75018.8%
10 hours$375.00$19,500$71,50037.5%
15 hours$562.50$29,250$81,25056.3%
20 hours$750.00$39,000$91,00075.0%

How Overtime Affects Your Taxes

Overtime pay is taxed the same as regular income. It does not get taxed at a special higher rate, despite a common misconception. However, because overtime increases your total income, it may push some of your income into a higher marginal tax bracket. For example, if your regular salary of $52,000 keeps you in the 22% bracket, $19,500 in overtime pushes your total to $71,500, but only the income above the bracket threshold is taxed at the higher rate. Overtime is always worth earning from a tax perspective.

Frequently Asked Questions

Multiply your regular hourly rate by 1.5 (for time and a half) or 2.0 (for double time) to get your overtime rate. Then multiply the overtime rate by the number of overtime hours. For example: $25/hour x 1.5 = $37.50 overtime rate x 10 hours = $375 in overtime pay.

Sources & References

  • U.S. Securities and Exchange Commission (SEC) - Investor Education
  • Options Clearing Corporation (OCC) - Options Education
  • Chicago Board Options Exchange (CBOE) - Options Strategies
  • Hull, J.C. "Options, Futures, and Other Derivatives" (11th Edition, 2021)

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