Irs Highly Compensated 2024
Irs Highly Compensated 2024. Officers making over $225,000 in 2024 (up from $215,000 for 2023) owners holding more than 5% of the stock. I got an email from work today stating that due to the fact i was a “highly compensated employee” last year, i will be getting a check from fidelity for ~$4k for my over.
According to the irs, a highly compensated employee (hce) is defined as someone who receives compensation amounting to $150,000 for the year 2023 or owns. Internal revenue service (irs) section 414(q) sets forth two tests to determine whether an employee is an hce: