Latest Breaking News On - Do you have employees in washington state take note new long term care payroll tax goes into effect january 1 - Page 1 : comparemela.com
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In an effort to plan for the projected long-term care needs
of its residents, State of Washington passed the
Long-Term Services and Supports Trust Act (SHB
1323) requiring each worker in Washington to contribute
$0.58 per $100 (0.58%) of wages to a trust set aside to pay
long-term care benefits for its residents. The law was enacted in
2019 and becomes effective in 2022. Benefits under the Act are
first payable in 2025. Washingtonians may opt out, but must have
qualifying long-term care coverage in place by November 1,
2021.
Overview:
Starting January 1, 2022, employers must remit on a quarterly