Effective July 1, 2024, a U.S. Department of Labor (“DOL”) rule increased the minimum salary requirement for certain employees to qualify for exempt status under the Fair Labor Standards Act (the “2024 Salary Rule”). Exempt employees are generally paid on a salary basis and are not eligible for overtime. Under the 2024 Salary Rule, Executive, […]
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As the calendar year-end approaches, the “Giving Season” is in full swing. Many taxpayers considering charitable gifts are concerned about gifting choices in an environment of rising interest rates and relatively high inflation. In these challenging times, it pays to be smart about your charitable gifting. Here are three easy tips to help you: [1] […]
Related Practice Areas: Federal Lands, Energy and Natural Resources Just before leaving office, President Trump signed two pieces of legislation aimed at incentivizing renewable energy development: the Energy Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020. See Pub. L. No. 116-260, Division Z (Energy Act) and EE (Taxpayer Act). […]