Washington state taxes the estates of high-net-worth residents and high-net-worth nonresidents who own property in the state. The tax rates start at 10 percent and rise as high as 35 percent. Thus, estate tax amounts quickly get large. Deductions Protect Most Taxpayer’s Estates Fortunately, the state provides a couple of big deductions and both are […] The post Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025 appeared first on Evergreen Small ...| Evergreen Small Business
Use this Calculator to estimate Washington state estate taxes under the new rules starting in 2025 if SB 5813 becomes law| Evergreen Small Business
Editor’s note: This week, attorney Raemi L. Gilkerson discusses the Washington estate tax and then the steps individuals can take to minimize this tax. Washington estate tax rates rank the highest of any state in the nation. The tax rates range from 10 percent to 20 percent and are graduated based on the value of the estate. Washington […]| Evergreen Small Business