The federal minimum exempt salary will not increase to $58,656 per year ($1,128 per week) on January 1, 2025, as a previously planned rule change will not go into effect.
Understanding the 2025 Federal Minimum Exempt Salary
While an adjustment to the federal minimum exempt salary was previously scheduled to take effect at the start of 2025, this specific increase will not be implemented. This means the salary threshold will not reach the planned $1,128 per week, which equates to $58,656 annually, under this particular rule.
Key Details Regarding the Exempt Salary Threshold
- Original Plan for January 1, 2025: The federal minimum exempt salary was slated to increase to $1,128 per week, totaling $58,656 per year.
- Current Status: This anticipated increase will not go into effect on the planned date.
- Other Rule Provisions: The new rule, which is now not taking effect as planned for 2025, also aimed to adjust the minimum salary threshold for the highly compensated exemption and included provisions for automatic salary increases every three years.
For clarity on the status of the federal minimum exempt salary for 2025:
| Category | Details |
|---|---|
| Planned 2025 Increase | $1,128 per week ($58,656 per year) |
| Status of Planned Increase | Will not go into effect on January 1, 2025 |
| Implication for 2025 Salary | The federal minimum exempt salary will not be $58,656 per year due to this specific rule change. |
