Exempt Salary Threshold By State 2025. On july 1, 2024, the threshold will increase from around $35,000 to $43,888. On january 1, 2025, a new methodology for calculating the threshold will take.
The final threshold will increase again on january 1, 2025, to a minimum salary of $1,128 per week ($58,656 per annum). The salary threshold for flsa exemptions for highly compensated employees will increase to $151,164/year.
On January 1, 2025, A New Methodology For Calculating The Threshold Will Take.
The new rule represents an almost 65% increase in the minimum exempt salary threshold by january 1, 2025 and an increase of almost 40% in the minimum.
1, 2025, The Rule’s New Methodology Takes Effect, Resulting In The.
The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of july 1, 2024, and then to $1,128 per week ($58,656 per year).
Exempt Salary Threshold By State 2025 Images References :
Beginning July 1, 2027, The Salary Thresholds.
On july 1, 2024, the threshold will increase from around $35,000 to $43,888.
The Salary Threshold Will Increase To $43,888 Per.
Employers may want to review their payroll practices in light of the increases to the salary thresholds for exempt employees, as well as the state’s new minimum.