AnonymityIsForChumps
AnonymityIsForChumps t1_j8ll4l9 wrote
Reply to comment by happytoparty in What's the cheapest long-term care insurance that qualifies for the Washington state long-term care payroll tax exemption? by Franck_Dernoncourt
Yes this does work if you're comfortable commiting tax fraud. Although the odds anyone will ever be investigated for it is near zero.
AnonymityIsForChumps t1_j8k55pj wrote
Reply to comment by Franck_Dernoncourt in What's the cheapest long-term care insurance that qualifies for the Washington state long-term care payroll tax exemption? by Franck_Dernoncourt
If the law changes, you might find yourself without a valid exemption, as you won't have a policy purchased before 2021. It's a gamble.
AnonymityIsForChumps t1_j8jylt5 wrote
Reply to What's the cheapest long-term care insurance that qualifies for the Washington state long-term care payroll tax exemption? by Franck_Dernoncourt
The current law is a mess.
It will probably change. But if it doesn't, there is no policy that you can currently purchase that grants an exemption. To qualify for an exemption, you must have purchased the coverage prior to November 1, 2021.
However, the law also doesn't require you to maintain coverage, so technically you could cancel and keep your exemption. I think this part is one of the most likely to change, so I wouldn't do that until July at earliest (when payroll deductions start).
Just wait a few months before you change anything.
AnonymityIsForChumps t1_jdy4fiy wrote
Reply to comment by cdmoomaw in Greenland turns clocks forward for last,should Massachusetts/eastern US do the same by Hoosac_Love
That's only the ideal if you think that noon should be the middle of the day. I don't.
I'm almost always awake 8 hours after noon at 8 PM, but almost never awake 8 hours before noon at 4 AM. The schedule of our lives aren't centered around noon, so why should the daylight hours?