Federal Pay Increase 2025. On january 1, 2025, the salary threshold for these employees will increase to $58,656 (or $1,128 per week) as announced by the federal department of labor in q2. President biden’s fiscal 2025 budget proposal, released monday, would institute an average 2.0% pay raise for federal civilian employees next year, a significant.
In 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 million (twice that for couples making joint gifts). The first formal proposal for the january 2025 federal employee raise has been introduced in both the house and senate, recommending an increase of 7.4 percent.