Proposed Exempt Salary Threshold 2025. After receiving thousands of comments, the dol's final rule increases the salary level threshold in two steps: Each of the regulations sections 541.100.
On july 1, 2024, the department of labor’s final rule on exempt employee compensation thresholds went into effect. The department’s regulations require executive, administrative, and professional (eap) employees to be paid at least a minimum salary amount to be exempt from the fair.
The Salary Level Will Then Increase To $58,656 On January 1, 2025.
The salary thresholds will increase again on january 1, 2025, with the minimum salary for exempt status upped to $1,128 weekly ($58,656 annually) and the.
The Minimum Salary Requirements For Exempt Employees Will Escalate Again On January 1, 2025.
1, 2025, the rule’s new methodology takes effect, resulting in the additional increase.
Consequently, individuals with taxable incomes within this threshold became exempt from paying taxes under the new regime.
Department Of Labor Proposed Changes To Exempt Salary Status Threshold, The Salary Thresholds Will Increase Again On January 1, 2025, With The Minimum Salary For Exempt.