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May 21, 2021

New Long-Term Care Payroll Tax: Should You Opt Out?

caregiver giving water to patient in a long term care HFG Trust

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.