Flsa Exempt Salary Threshold 2024 By State

Flsa Exempt Salary Threshold 2024 By State. 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. On april 23, 2024, the department of labor (dol) released a final rule that raises the salary thresholds for certain overtime exemptions under the federal fair labor standards act.

Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan. As of july 1, 2024, that cutoff is now $43,888 per year, with plans to raise it substantially higher—to $58,656 per year—by the beginning of 2025, meaning that.