Minimum Wage. The table below details how New-york State Income Tax is calculated in 2021. Effective January 1, 2020, the salary threshold for employees to be classified as exempt from the minimum wage and overtime requirements of the federal Fair Labor Standards Act (the “FLSA”) increases as part of the final overtime regulations issued by the U.S. Department of Labor (the “Department” or “DOL”). In New York City, the allowable tip credit for such service workers will not change this year and remains at $2.50 per hour, with a minimum direct cash wage of $12.50 per hour. Specifically, the minimum will increase from $13.00 to $14.00 per hour for employees working in Long Island and Westchester, and from $11.80 per hour to $12.50 per hour for the rest of the state except New York City, where the minimum is already $15.00 per hour and will remain so.1, Pay increases are not limited to hourly employees. Likewise, all other New York State counties will increase to $46,020 at the end of 2019 and $48,750 in 2020. While employees are not permitted to take sick leave under NYSPSL until January 1, 2021, many questions remain regarding employers’ obligations under the law. 2 See New York Department of Labor, Administrative Employee Overtime Exemption Frequently Asked Questions (FAQ). Exempt Administrative and Executive Minimum Salaries The minimum salary for exempt executive and administrative employees in New York will increase as follows: Nassau, Suffolk, and Westchester counties: $1,050 per week, which equals $54,600 per year. While most people will not be sad to leave 2020 behind, employers across much of New York State will see an increase to their labor costs in 2021, even though much of the state is navigating recession-like conditions caused by the Covid-19 pandemic. The table below details how New-york State Income Tax is calculated in 2021. Last year employers anxiously watched as the Department of Labor (DOL) announced a rulerequiring the salary threshold for exempt employees to double. While most people will not be sad to leave 2020 behind, employers across much of New York State will see an increase to their labor costs in 2021, even though much of the state is navigating recession-like conditions caused by the Covid-19 pandemic. Prepare Now for the 2021 New York Minimum Wage. The tax tables and methods have been revised for payrolls made on or after January 1, 2021. Finally, the tiered salary thresholds required for exempt status are also rising effective December 31, 2020. The New York State Department of Labor oversees wage regulations in New York State. Different minimum wage rates also exist within the fast food industry, in Long Island and Westchester County, and for large and small employers in New York City. The NYSDOL will be implementing increases to the salary threshold for administrative and executive employees on December 31, 2016, with yearly increases to follow thereafter through December 31, 2021, depending on the employer’s location (New York sets no minimum salary threshold for … The Income Tax calculation for New-york includes Standard deductions and Personal Income Tax Rates and Thresholds as detailed in the New-york State Tax Tables in 2021 New York State’s Exempt Salary Thresholds Are Increasing ... 2021 Remainder of the State: $727.50 per week on and after December 31, 2016 ... New York State employers will need to comply with the new minimum salary levels listed above for salary exempt employees. Therefore, beginning December 31, 2018, administrative employees earning less than $1,225 per week will be eligible for overtime pay if they work more than 40 hours in a week. Effective December 31, the subminimum wage will be eliminated for employers covered by the “miscellaneous industries” wage order. The tip credit applicable to food service workers such as waiters, bartenders, bussers and runners will also change on December 31, 2020 for most of the state as follows:6. The remainder of New York State workers will see more moderate increases annually, based on economic markers and indexes, until they reach the $15 wage. Maximum 2020-2021 STAR exemption savings. The minimum salary threshold in New York City will remain at $1,125.00 per week. 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