Key Takeaways: Washington has no state income tax on wages, Social Security, or pension income, but does have its own estate tax (separate from the federal estate tax) and capital gains tax that may impact…
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Inheriting Stocks in Washington: Step-Up in Basis and Tax Rules Explained
Key Takeaways: Inherited stocks and taxable investments generally receive a step-up in basis to fair market value at the date of death, which eliminates capital gains accumulated during the original owner’s lifetime. Washington’s community property…
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Is Washington a Good State to Retire In?
Key Takeaways: Washington offers retirees some genuine advantages, but like any state, it comes with trade-offs that depend heavily on your priorities and financial situation Your zip code matters more than you might expect: costs,…
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Washington’s Millionaire Tax: Current Status, Who It Affects, and Strategies for High Net Worth Residents
Note: This article has been updated since Washington Senate Bill 6346 (aka The Washington Millionaire’s Tax) passed a vote in the House of Representatives on March 10th, 2026. Key Takeaways: Washington’s proposed Millionaire’s Tax would…
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Washington State Capital Gains Tax: A Comprehensive 101 Guide
Key Takeaways: Washington has a unique capital gains tax despite having no state income tax. Understanding how the system works is essential for investors and business owners who may be affected. Not all assets are…
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