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Level 2

Question

WA Cares Payroll Deduction

Forum|Forum|2 years ago
January 31, 2024
1 reply
0 views

Are the payroll deductions for WA Cares deductable on Federal Tax Returns?

Level 15

Is it not listed on your W2 in Box 14?

Automatically contribute 0.58% of your paycheck to the fund during your working years, starting in July 2023. After contributing for 10 years (or less if you are nearing retirement or have a sudden need), you can access your benefit when you need care.

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MUIBLAuthor

Level 2

Yes, it is, but the Turbo Tax has a dropdown menu with several options, one as a "payroll tax" and another as "unlisted". They also have numerous options for various programs run by other states, but WA Cares was not listed. I would think it should be. I went to the WA Cares site and they call it a "contribution", and they have no comments on this in their FAQ. So is it a contribution or a tax? Anti-tax activists call it a tax, but what does the IRS call it?

Level 15

Yes, you should select "Other" as the code for WA Cares contributions.

The program is for long term care insurance, so it isn't a tax. Follow this link to learn more about the program.

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