Washington currently imposes estate tax on the estate of any individual who dies with an estate valued in excess of $2,193,000 if that individual was either a Washington resident or owned Washington property at the time of their death. The…
Read MoreThe IRS recently issued Revenue Procedure 2024-40 announcing increases to the federal estate and gift tax exemption and the gift tax annual exclusion for the 2025 tax year, among numerous adjustments to other tax provisions. The 2025 tax law changes…
Read MoreThe Washington State estate tax exemption is currently $2.193 million. The exemption amount is meant to be adjusted for inflation, but it has not changed since 2018. That is because the inflation adjustment is tied to a Washington law that…
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