New Long-Term Care Payroll Tax: Should You Opt Out?
![caregiver giving water to patient in a long term care HFG Trust](https://cfbhfg.com/wp-content/uploads/2023/05/Stock-Photo-Long-Term-Care-Cost-M.-Tallman-May-2021-768x512-1.jpg)
Long-term care pays for services designed to meet a person’s health or personal needs as they age and require additional help completing their daily activities.
Starting January 1, 2022, employers will begin withholding a new payroll tax from employee paychecks as a premium payment for the new long-term care benefit.