Highly Compensated Employee Threshold 2024

Highly Compensated Employee Threshold 2024. The irs defines a highly compensated, or “key,” employee according to the following criteria: The rule will also increase the total annual compensation requirement for highly compensated employees (who are not entitled to overtime pay under the flsa if.


Highly Compensated Employee Threshold 2024

Revisions include increases to the standard salary level and the highly compensated employee total annual compensation threshold, and a mechanism that provides for the. Under this same rule, the annual compensation threshold for the highly compensated employee exemption will increase to $132,964 on july 1, 2024, and then.

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