Flsa Salary Threshold 2024 Exempt

Flsa Salary Threshold 2024 Exempt. See how this rule could affect your business with paychex. The final rule increases the salary threshold required to exempt a bona fide executive, administrative, or professional employee from federal overtime requirements.

Initially, effective july 1, 2024, the minimum salary for exemption will increase from the current $684 per week ($35,568 per year) to $844 per week ($43,888. The federal exempt salary threshold holds sway in any state or locality that does not have its own, higher threshold.