Tax Tip Tuesday: Update New Department of Labor Overtime Regulations

November 29, 2016

A federal district court judge issued a preliminary injunction blocking the U.S. Department of Labor's new "white collar" overtime pay mandate.

 

Employers, including not-for-profits, are not required to comply with or implement the requirements of the overtime rule that was slated to go into effect on December 1, 2016. The new requirement would have extended eligibility for overtime to workers not previously subject to overtime rules because of their compensation level. Here is a previous edition of Tax Tip Tuesday that covers the topic in more detail.

 

This rule may still be implemented in the future, but the litigation surrounding the rule will take some time to play out.

 

Disclaimer: The items included in the Tax Tip Tuesday Video Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advise contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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