Washington State Releases Information On New State Employee Payroll Tax Funding Long-Term Care Benefits

Washington State is ramping up to collect a new employee payroll tax for in-state workers that will be used to create the Long-Term Services and Supports (LTSS) Trust Program, which is branded as the WA Cares Fund. Starting January 1, 2022, workers in Washington will pay up to $0.58 per $100 of earnings into the WA Cares Fund. The rate may be adjusted every two years but cannot be greater than 0.58%. Employers do not contribute a matching amount. Self-employed people can opt-in to contribute to the WA Cares Fund. Beginning January 2025, each . . .