New York Exempt Salary Threshold 2024

New York Exempt Salary Threshold 2024. 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. Salary threshold for exempt employees (2022) along with the increase to the minimum wage, the amounts that employers can deduct from employees' wages for items such as uniform allowances and meals are also set to change on december 31.

15, 2023, new york amended its labor code to increase the salary threshold executive, administrative, and professional (eap) employees must meet to qualify for the state’s wage payment exemptions. If the historical salary basis threshold of 75 times the minimum wage remains the same, the 2024 exempt salary threshold for such employees in new york city, long island and westchester would increase from $1,125 weekly (or $58,500 annually) to $1,200 weekly (or $62,400 annually).