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CA Minimum Wage 2025
On January 1, 2025, California’s minimum wage increases to $16.50 for employers of all sizes. This also means that as of Jan. 1, 2025, exempt employees in California must be paid a minimum annual salary of $68,640.
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2025 Retirement Key Figures
IRS releases 2025 tax year inflation-adjusted retirement figures (11-01-24) In IRS Notice 2024-80, the IRS announced the inflation-adjusted retirement figures for 2025. Key adjustments contained in the notice include, but are not limited to: The IRA contribution limit and catch-up contribution limit will remain at $7,000 and $1,000, respectively. Also included in the Notice are the increased…
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2025 Mileage Rates
IRS releases 2025 optional standard mileage rates (12-19-24) Beginning January 1, 2025, the standard mileage rates for the use of a car, van, pickup truck, or panel truck will be: The rates apply to fully electric and hybrid automobiles, as well as gasoline and diesel-powered vehicles.