Washington Estate Tax Reform: Key Changes for 2025 (HB 1867) Learn about changes to Washington estate tax filing requirements starting January 1, 2025, under House Bill 1867 Find out how the new law impacts married couples and qualifying family residences
What’s changing with WA’s capital gains and estate taxes Washington lawmakers have approved another major tax policy shift — Senate Bill 5813 —which expands the capital gains tax and makes significant changes to the estate tax This bill represents a continued move toward increasing the state’s reliance on non-sales tax revenue streams and will have long-term impacts on individuals, business owners, and family-owned enterprises
Major overhaul expands capital gains, estate taxes The new estate tax Washington state—previously tied with Hawaii for the highest marginal estate tax rate in the country at 20%—has enacted a major overhaul of its estate tax system Under the new law, the top marginal rate increases to a whopping 35% for the largest estates, marking a significant shift in how wealth transfers are taxed
Estate Tax Changes in Washingtons New Tax Laws SB 5813 Washington State Legislature Governer Ferguson signed sweeping new tax bills into law on Tuesday These new laws include ramifications for estate taxes, which we've summarized below
Warning: WA state increases estate tax and capital gains tax . . . On May 20, 2025, Washington state Governor Bob Ferguson signed into law Washington Senate Bill 5813, which provides significant increases to the state’s capital gains tax and estate tax The Washington state capital gains tax has a short, but frenetic history
Governor Furgeson Signes Bill Increasing Washington State Estate Tax . . . On Wednesday May 21, Governor Bob Furgeson signed Engrossed Substitute Senate Bill 5813 which increases the Washington Estate Tax Exemption and Rates; Washington Capital Gains; and Addition of Qualified Non-Familial Heir for QFOBI Highlights: The Details: Washington Estate Tax Exemption and Rates
Washington Enacts Substantial Changes to Estate and Capital Gains Taxes Fast-moving changes to Washington State’s estate tax and capital gains tax may reshape estate planning priorities for many Washingtonians going forward On May 20, Governor Ferguson signed into law Engrossed Substitute Bill 5813