Highly Compensated Employee Definition 2024

Highly Compensated Employee Definition 2024. Owned more than 5% of the interest in the business at any time during the year or the preceding year, regardless of how much. The threshold for determining who is a highly compensated employee under section 414(q)(1)(b) increases to $155,000 (from $150,000).

What is a highly compensated employee (hce)? Owned more than 5% of the interest in the business at any time during the year or the preceding year, regardless of how much.