<prompt> Human: So Ill be working at least 520 hours of overtime per year. I think i have heard overtime is taxed at a higher rate. Should I change what I claim or anything? How can I prepare this? Thanks.Assistant: Overtime might be withheld at a higher rate, but your total taxes paid should be the same if youre earning the same.Also, in an unrelated note, it sounds like you essentially have gotten a pay cut. Id entertain the thought of finding work elsewhere.Human: Thanks. I was usually working anywhere from 45-50 hours a week. Occasionally 60 hour weeks and sometimes 40 hour weeks. Im definitely not happy about the change. Resume is ready and Im keeping my eyes peeled. Im also trying to figure out if Im eligible for any backpay on overtime Ive worked. If my job description is unchanged, then I feel Ive been misclassified as an exempt employee.  <response>: Yeah, I would look into that. If you are not eligible to be exempt now and your job hasnt changed, then you probably werent eligible to be exempt then.However, it is possible that your job is eligible to be exempt, but they decided to pay you hourly with overtime anyway. Heres some info on who qualifies for exempt status. If you believe that you were wrongly classified and are owed back pay, you may wish to contact the department of labor if your employer isnt helpful. By contacting them, you avoid needing to see a lawyer. 