If you are a W-2 Employee in the State of Washington, you will have a new Payroll tax assessed on your Gross Wages on January 1st, 2022. This tax is intended to provide Long Term Care coverage at a rate of $100 a day for one year of coverage: Maximum $36,500.
There is a brief period where an “opt out” to this new tax is available. Should you consider that?
Attend this Workshop to determine whether you have other options.