Don’t forget about these important changes that already are in effect!
NYC minimum wage increased increased to $13.50/hour for employers with 10 employees or less and $15.00/hour for employers with 11 employees or more.
Exempt threshold went up in NYC: $58,500 annually for large employers (11 employees or more), and $52,650 for small employers (10 employees or less)
Paid Family Leave will cover 10 weeks at 55% of state average weekly wage
Social Security tax cap has increased to $132,900
Transit benefits have increased to $265 per month
FSA contribution limits have increased to $2,700