New MANDATORY Washington State Tax
How does this tax affect you and what will you get out of it.
Effective January 1, 2022), makes Washington the first state in the nation to create a publicly funded insurance program funded by Washington workers who will pay premium assessments (a tax) through payroll deductions.
• Beginning January 1, 2022 each W-2 employee will pay a premium tax through payroll deduction.
• An initial premium rate will be 0.58% of the individual’s wages (or $0.58 for each $100 earned).
• Wages will be taxed without limitation or capped amount.
Benefit Solutions Plus, LLC
3710 168th St NE, Ste #B205
Arlington, WA 98223
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Tel: 425-770-3620
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Full Text of the Trust Act
HB 1087 - 2019-20
Concerning long-term services and supports.
https://app.leg.wa.gov/billsummary?Bi...
SJR 8200 - 2021-22
Proposing an amendment to the Constitution concerning the investment of funds to provide for long-term care services and supports.
https://app.leg.wa.gov/billsummary?Bi...