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Illinois Exempt Salary Threshold 2024. New york city, nassau, suffolk, and westchester counties: The dol will likely publish a final rule in the.


Illinois Exempt Salary Threshold 2024

The dol will likely publish a final rule in the. As of january 2024, the federal minimum salary threshold for exempt employees was $684 per week ($35,568 per year).

$1,124.20 ($58,458.40 Per Year) Local Updates:

In 2024, new labor laws in illinois will include an increase in the minimum wage to $14 and a new minimum wage of $8.40 for tipped workers.

What Are The New Labor Laws In Illinois 2024?

New york city, nassau, suffolk, and westchester counties:

Illinois Provides A Standard Personal Exemption Tax Deduction Of $ 2,625.00.

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The Salary Threshold Would Increase From The Current $684 Per Week ($35,568 Per Year) To $1,059 Per Week ($55,068 Per Year)—A 55% Increase From The Current Level.

The proposal would also increase the threshold salary for highly compensated employees from $107,432 to $143,988 per year.

The Illinois Individual Income Tax Rate Has Not.

The final rule is expected in april, 2024.

Department Of Labor (Dol) Unveiled A Proposed Overtime Rule That Would Raise The Exempt Salary Threshold Under The Federal Labor Standards Act (Flsa).