By Richard Stup, Cornell University.
The post 2024 Minimum Wage Increase and Overtime Tax Credit appeared in The Ag Workforce Journal.

January 1, 2024 brought the first scheduled decline in the farm employee overtime threshold. Overtime for farm employees now begins at 56 hours each week. Eligible farm employers will be able to apply for the Farm Employer Overtime Tax Credit to help offset the cost of the overtime premium. Both the state Departments of Agriculture and Markets, and Tax and Finance have set up webpages to help explain this new tax credit and how to apply for it.

• NYS Department of Agriculture and Markets: Farm Employer Overtime Credit Advance
• NYS Department of Tax and Finance: Farm Employer Overtime Credit