The "When" and the "How"

As a W-2 Employee employed in Washington State, you have a timeline:
1. May-October 2021: You can review PRIVATE Long-Term Care policies and if you are approved and LTC policy is paid and delivered to you by Oct. 31st, you can;
2. November-December 2021: You may file EXEMPTION paperwork with Washington State. (I will be helping my LTC clients with this)
3. January 2021 & beyond: If you fail to exempt yourself, you will have the new LTC Trust Fund income tax applied to your paycheck ongoing.

Or you can do nothing and the Income Tax will start for you in January 2021!