DOL Finalizes New Overtime Rule

Marketing 12/13/19 12:00 AM

For the first time in over 15 years, America’s workers will have an update to overtime regulations that will put overtime pay into the pockets of more than a million working Americans. The United States Department of Labor (DOL) has announced its final overtime rule, setting the minimum salary threshold for overtime eligibility at $35,568. The threshold will make 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA), according to the DOL.

The final rule will be effective on Jan. 1, 2020.

For more information on this ruling, click here.

Changes to Salary Thresholds

Baldwin CPAs : 5/22/24 10:27 AM

On April 26, 2024, the Department of Labor (“DOL”) published the Defining and Delimiting the Exemptions for Executive, Administrative, Professional,...

Elevate

2 min read

TCJA temporarily lowers medical expense deduction threshold

Marketing : 2/6/18 12:00 AM

With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold...

1 min read

Are you able to deduct medical expenses on your tax return?

Marketing : 1/3/17 12:00 AM

For many people, the cost of medical care keeps going up. So if possible, you should find ways to claim tax breaks related to health care....