Washington state delay new longterm care payroll tax 2022 calculator
Washington Gov (www insurance wa gov). Jay Inslee announced on Friday that a delaying payroll tax (wa tax) to support the state's new long-term care program will be delayed.
Washington state payroll tax 2022
Inslee and Democratic legislative leaders in Washington announced a deal to postpone the new WA Cares payroll levy while they work out difficulties with the new long-term care program
Employers will not face penalties or interest for failing to withhold those taxes (washington state payroll tax) from workers (washington state caregiver jobs) wages during the pause, he added.
"I've been in constant contact with legislators about the long-term care bill, which will start collecting funds in January. This bill will assist Washingtonians in receiving much-needed care and coverage as they get older.
The Legislature needs time to make refinements to their WA Cares Fund bill. As a result, I am taking measures within my authority and ordering @ESDwaWorks not to collect the premiums from the Washington Cares Fund from employers before they come due in April.
— Governor Jay Inslee (@GovInslee) December 17, 2021
Senators Andy Billig and Speaker Laurie Jenkins released a statement saying that the Washington Cares Fund premium assessment will be delayed through the 2023 legislative session:
"We fully expect to ask the legislature to postpone the Cares Fund premium assessment this year so that we can make adjustments to the Fund during the 2022 legislative session.
Related: washington longterm care insurance
Workers will pay a premium of.58 percent of total pay per paycheck under the rule, which means a $50,000 salary will cost $290 per year.
Home-delivered meals are also covered, as well as recompense for unpaid family caregivers. The benefit has a lifetime maximum of $36,500, with annual increases determined by inflation.
In a written statement, Jessica Gomez of the alliance Washingtonians for a Responsible Future said, "Delaying WA Cares will damage an estimated 38,000 crippled, aged, or critically sick people who are desperate for long-term care assistance in 2025."
According to the AARP of Washington, 70% of residents aged 65 and over will require some form of support in order to live freely.
Gomez also stated that the postponement will cause confusion for people who purchased private long-term care insurance before the Nov. 1 deadline in order to avoid the fee.
As of Dec. 2, the Employment Security Department has received over 430,000 exemption petitions, with over 334,000 of them being approved.
The high number of exemptions has prompted questions about the program's stability and the possibility of a premium hike for workers.
According to the AARP of washington stat, 70% of residents aged 65 and over will require some form of support in order to live freely.
Gomez also stated that the postponement will cause confusion for people who purchased private long-term care insurance before the Nov. 1 deadline in order to avoid the fee.
As of Dec. 2, the Employment Security Department has received over 430,000 exemption petitions, with over 334,000 of them being approved.
The high number of exemptions has prompted questions about the program's stability and the possibility of a premium hike for workers.