Tax Tip #221

It's going to be a happy new year for some NJ employees, as the state minimum wage is set to increase beginning on January 1. Hourly wages will rise to:

• $15.49 for large employers;
• $14.53 for small (fewer than 6 employees) or seasonal businesses;
• $18.49 for direct care staff of long-term health facilities.

If you are an employer in NJ, be sure to post the latest version of NJ’s Wage & Hour Law Abstract in a conspicuous area of the workplace, but remember to check back before year-end for the most up-to-date signage from the state.