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AICPA

DOL’S 2024 Salary Threshold Increase Vacated by Texas Court

On November 15, 2024, the Eastern District of Texas vacated the Department of Labor’s (“DOL”) 2024 Rule increasing the minimum salary threshold required to meet overtime exemptions, with automatic periodic increases. The ruling restores the minimum salary levels that were in effect for exempt executive, administrative, and professional (“White-Collar”) employees and highly compensated employees (“HCEs”).  Read more here