Ny State Exempt Salary Threshold 2024 Chart. The exempt salary threshold, currently set at $58,500 per year ($1,125 per week) in new york city, long island, and westchester and $55,341 per year ($1,064.25 per week) in the rest of the state, will rise proportionately with the minimum wage. New york married (joint) filer standard deduction.
Historically, the exempt employee salary threshold has been set at 75 times the minimum wage rate. New york single filer standard deduction.
On December 27, 2023, And Just In Time For The 2024 Ball To Drop, The New York State Department Of Labor (Nysdol) Finalized The Salary Thresholds For.
New york married (joint) filer standard deduction.
New York Salary Threshold Adjustments For 2024.
Accordingly, the following chart is used to preview the potential increases to the weekly salary requirement for exempt employees:
Proposed Salary Level Increase For Exempt Status Under Flsa.
Images References :
The Minimum Wage For Employees In New York City, Nassau, Suffolk, And Westchester Counties Increases To $16 Per Hour In 2024, And To $15 In Other Parts Of The State.
Increases to salary threshold for certain labor law exemptions.
New York Married (Joint) Filer Tax Tables.
Similarly, the exempt salary threshold for the remainder of the state would increase in 2024 from $1,064.25 weekly (or $55,341 annually) to $1,124 weekly (or $58,500 annually).
