Business Tax Benefits24 Jun, 2022Finance
Update: On Jan 27, Governor Inslee signed two bills passed in the Legislature, making key improvements in LTSS/WOTC tax credit. These reforms address coverage gaps while delaying the program?s implementation by 18 months. The OF analyzes the impact of legislation and updates the below information. Starting Oct 1, Washington workers start seeking exemptions to the new long-term care tax of the state. The tax finances are the so-called ?WOTC tax credit,? the program that was passed in the state Legislature in 2019. The program acts as a state insurance plan for long-term care. It is for helping the eligible adults pay for services like dementia support and home-delivered meals.
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