Overtime Pay Calculator
Calculate your weekly and annual overtime earnings
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An overtime pay calculator shows what your extra hours actually deliver to your bank account. It applies your overtime multiplier (typically 1.5x in the US, 1.25-2x elsewhere), projects weekly and annual totals, and optionally subtracts your tax rate so you see the net premium. Most workers underestimate how much overtime adds — and a few overestimate, especially once a higher tax bracket bites.
Example Calculation
Hourly rate: $25 Regular hours: 40/week Overtime hours: 10/week at 1.5x Weeks worked: 50 Tax rate: 25% Overtime rate: $25 × 1.5 = $37.50/hr Weekly: $1,000 regular + $375 OT = $1,375 Annual: $50,000 regular + $18,750 OT = $68,750 After 25% tax: $51,563 net Overtime is 27% of total pay
Overtime Formula
Overtime rate = Hourly rate × Multiplier (e.g. 1.5) Weekly pay = (Regular hrs × Hourly) + (OT hrs × OT rate) Annual pay = Weekly pay × Weeks worked Net = Annual × (1 − Tax rate) OT % of total = (Annual OT pay ÷ Annual total) × 100
When Overtime Is Worth It (and When It Isn't)
Time-and-a-half sounds great — but the marginal hour comes at the cost of your sleep, family time, health, and long-term productivity. The financial math is real: 10 hours of weekly overtime can add 25-40% to annual income. The hidden math is also real: chronic overtime correlates with burnout, illness, and divorce, all of which carry costs the calculator can't show. Use the number to decide whether the trade is worth it for a defined period — paying down debt, saving for a goal — rather than as a permanent lifestyle.
Frequently Asked Questions
Am I legally entitled to overtime?
In the US, FLSA requires 1.5x for non-exempt workers over 40 hours/week. Exempt salaried workers (most professionals over a salary threshold) are not entitled. Other countries have their own rules.
What multiplier should I use?
1.5x for US standard. 2x for double-time (some union contracts, holidays). 1.25x is common in parts of Europe. Check your contract.
Will overtime push me into a higher tax bracket?
Maybe — but only the dollars above the bracket are taxed at the higher rate, not all your income. The marginal rate matters for the OT itself, not for everything.
Is unpaid overtime worth tracking?
Yes. If you regularly work 50 hours unpaid on a 40-hour salary, your real hourly rate is 20% below stated. Use the True Hourly Wage Calculator for that view.
How does overtime affect retirement contributions?
If your 401(k) match is a percentage of pay, overtime increases the match. If it's capped, extra hours don't help match but still grow taxable income.