Information Regarding Possible Federal Income Tax Deduction for Certain Qualified Overtime Compensation

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Attention Members:

Under the One Big Beautiful Bill Act (OBBBA), which became law in July 2025, eligible taxpayers may be able to claim a federal income tax deduction for certain qualified overtime compensation (QOC) when filing their 2025 federal individual income tax returns (Form 1040).

Please download and review the attached pdf files regarding the Qualified Overtime Compensation (QOC) documents provided to the ILWU Coast Committee by PMA:

Notice of 2025 Qualified Overtime Compensation Tax Reporting

2026-01-28-PMA-2025-QOC-Notice-to-ILWU-CoastDownload

Answers to Frequently Asked Questions Regarding the 2025 OBBBA Federal Income Tax Deduction for Qualified Overtime Compensation

2026-01-28-Answers-to-FAQs-Regarding-the-2025-OBBBA-Federal-Income-Tax-Deduction-for-Qualified-Overtime-CompensationDownload

2025 Estimated Qualified Overtime Compensation Statement

2026-01-23-PMA-2025-OBBBA-Qualified-Overtime-Compensation-Statement-to-each-workerDownload

PMA will be sending members an estimate of QOC that each worker earned during 2025, along with Frequently Asked Questions (FAQs) that address common issues about eligibility, what does/doesn’t qualify as QOC, and how to claim a QOC deduction.

It is recommended that members consult with their personal tax advisor regarding the potential tax deductibility of QOC.