Insights
Tag: State Tax
October 5, 2021
Washington Cares Payroll Tax Opt-Out Is Now Open
Update as of: January 27, 2022 On January 27th, Governor Jay Inslee signed House Bill 1732 which delays implementation of the long-term care payroll tax in Washington State for 18 months. Employers will not be required to collect the .58% payroll tax until July 1, 2023. In addition, the law was updated so individuals born [...]
Contributions from: Vonie Bright, CFP®
August 30, 2021
Planning for Oregon’s New State Taxes
KEY INSIGHTS Residents of Portland, Oregon, and the surrounding area (within Multnomah County) have two new income taxes effective January 1st, 2021: The Metro Tax is a 1% personal income tax on income over $125K for single filers and $200K for joint filers. The Multnomah County Tax is 1.5% on income over $125K for single [...]
Contributions from: Anne Marie Stonich, CFP®, CPA, Ian Curtiss, CFP®, CFA®, ChSNC, Glen White, Vince Lee, CFP®, CPA
August 11, 2021
Navigating Washington State’s New Capital Gains Tax
Update as of 12.12.2022 Read the latest update here. Update as of 03.03.22 When the Washington State Capital Gains tax officially went into effect at the beginning of 2022, it did so while still facing significant legal scrutiny. A ruling has now been reached by a Douglas County Superior Court Judge in which the tax [...]
Contributions from: Anne Marie Stonich, CFP®, CPA, Ian Curtiss, CFP®, CFA®, ChSNC, Glen White, Vince Lee, CFP®, CPA
April 26, 2021
What You Need to Know About the New Washington State Long-Term Care Act
Update as of: January 27, 2022 On January 27th, Governor Jay Inslee signed House Bill 1732 which delays implementation of the long-term care payroll tax in Washington State for 18 months. Employers will not be required to collect the .58% payroll tax until July 1, 2023. In addition, the law was updated so individuals born [...]
Contributions from: Anne Marie Stonich, CFP®, CPA, Joe Cervantes, CFP®, CLU®, AEP®, Vonie Bright, CFP®, Glen White
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