Since 2009, the federal minimum wage has been fixed at $7.25 per hour, with no adjustments for inflation. Over that same period, the value of the dollar has fallen by roughly 17%, according to the Economic Policy Institute. Because of this, many politicians and policy wonks argue that the minimum wage is no longer a … Read more
On November 15, 2024, a federal district court in Texas ruled that the U.S. Department of Labor (DOL) did not have the authority to issue a regulation earlier this year that significantly increased the minimum salary levels required for professional, administrative, and executive employees to be exempt from overtime (State of Texas v. DOL, ED … Read more
The cities of Renton, Seattle, SeaTac, and Tukwila recently announced their new minimum wage rates that go into effect on January 1, 2025. Unincorporated King County has not yet announced its new minimum wage rate, but we will keep members informed when the new rate is released. Renton … Read more
Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households. But with the anticipated sunset of TCJA in 2026 and the reversion to the pre-2018 AMT rules, … Read more
The state of Washington has announced increases to the minimum wage rate and the exempt salary thresholds for employees, effective January 1, 2025. These increases impact several state wage requirements that you’ll want to be aware of if you have employees in Washington. The cities of Bellingham and Burien … Read more
