Capital Gains Tax Rate 2025 Washington State Income Tax

Capital Gains Tax Rate 2025 Washington State Income Tax. State Tax Maps Archives Tax Foundation Washington law specifically ignores federal deferral and exclusion provisions related to QOFs in IRC Section 1400Z-2. Likely, no later than the end of 2025, Washington state's 7-percent capital gains tax will be reduced to an effective rate of only 4.41 percent [7% x (100 - 37% (highest marginal tax rate))] after taking into account federal deductibility of the state tax (at least for most taxpayers subject to Washington state's capital gains tax).

Washington 's tax system ranks 45th overall on the 2025 State Tax Competitiveness Index Washington's capital gains tax generally applies when a sale or exchange of long-term capital assets results in a capital gain

Capital Gains Tax Rates 2025 250000 Sofia Martin

Learn about tax planning strategies to reduce your capital gains taxes. In addition to a federal capital gains tax, you might have to pay state capital gains taxes Washington's capital gains tax generally applies when a sale or exchange of long-term capital assets results in a capital gain

Washington State Tax 2024 2025. The state's historic long term capital gains tax is projected to bring in $1 billion over the next two years. Washington law specifically ignores federal deferral and exclusion provisions related to QOFs in IRC Section 1400Z-2.

Capital Gains Tax Washington State Changes in 2021 — Mainsail Financial Group. Introduction ESSB 5096 passed in 2021 legislative session The 2021 Washington State Legislature passed ESSB 5096 (RCW 82.87) which creates a 7% tax on the sale or exchange of long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets.