Estate Tax Changes in Washingtons New Tax Laws Beginning July 1, 2025, the Washington estate tax exemption will increase from $2,193,000 to $3,000,000, adjusted annually for inflation The annual inflation adjustments will begin on January 1, 2026
Washington state tax 2025 laws changes | Fidelity Investments The Washington estate tax exclusion amount (previously $2,193,000 per person) increases to $3,000,000 for estates of decedents dying on or after July 1, 2025, and adjusts annually for inflation Rates on Washington taxable estates increase, in progressively larger amounts
Washington State Increases Estate and Capital Gains Taxes Retroactive to January 1, 2025, Washington state now applies an additional 2 9% tax for net long-term capital gains in excess of $1 million Beginning July 1, 2025, the Washington estate tax exemption will increase to $3 million, adjusted annually for inflation
Washington Estate Tax Changes for 2025 | Beresford Booth More change to Washington’s estate tax is on the horizon In April, the Washington legislature passed a bill that will increase the applicable estate tax exclusion amount for Washington estate to $3 million for people who die between July 1, 2025, and January 1, 2026
Washington Estate Tax Exemption and Rate Structure to Increase . . . On May 20, 2025, Governor Ferguson signed Engrosed Substitute Senate Bill 5813 (“ESSB 5813”) into law ESBB 5813 increases the applicable Washington state estate tax exemption for the estates of decedents dying on or after July 1, 2025 and also dramatically increases the rate structure for such estates [1]
Tax Changes Coming to Washington Estates in 2025 – Alterra Advisors As of July 1, 2025, the estate tax exemption increases to $3 million, with future inflation adjustments That’s good news for many families However, for estates that exceed this threshold, the tax rates are rising significantly Here’s a chart showing how the estate tax rates are changing
Washington Tax Changes 2025: Capital Gains, Estate Tax Increases, and . . . Retroactively, starting January 1, 2025, gains over $1 million in Washington state will face a 9 9% state capital gains tax, up from 7% As of July 1, 2025, the estate tax exemption increases to $3 million, but estates over $8 8 million will pay higher rates
Changes to the Washington Estate Transfer Tax Starting July 1, 2025 Starting on July 1, 2025, the State of Washington is changing how it taxes estates upon a decedent’s death For many individuals, this change may have a significant impact on their estate plan and intended beneficiaries, particularly for individuals who want to maximize the amount of their estate passing to children, family members, or other
Governor Furgeson Signes Bill Increasing Washington State Estate Tax . . . Starting on July 1, 2025, Washington estate tax rates will range from 10% to 35% on estates that exceed the WA Exemption: Washington Capital Gains Tax A 7% excised tax is imposed in Washington on long-term capital gains that exceed a $270,000 standard deduction