The Long-Term Care Act, passed in May of 2019, mandates a new uncapped 0.58% payroll tax on employee wages. The tax will create a Long-Term Care Trust Fund
The Long-Term Care Act, passed in May of 2019, mandates a new uncapped 0.58% payroll tax on employee wages. The tax will create a Long-Term Care Trust Fund to fund the Long-Term Services and Support Trust Program. The program will help supplement long-term care costs, such as assisted living expenses, for Washington residents meeting certain criteria for up to $36,500. Employers who have employees in Washington should start planning for this upcoming payroll tax, with implementation starting on January 1, 2022.
Employers need to stay knowledgeable and updated on the Long-Term Care Act to ensure they comply with the tax deductions and can answer employee questions. At this webinar, we’ll discuss the key compliance items, employer requirements & obligations, program eligibility, opting-in and opting-out, penalties for non-compliance, and actions that employers and employees should take.
Equinox FOCUS events are free educational webinars to help business leaders stay informed on the latest and most relevant business topics. Participants who register for our webinars will be added to our monthly e-newsletter. You are welcome to opt-out at any time.
(Thursday) 9:00 am - 10:00 am
Online or via phone