The federal income tax sometimes creates a marriage penalty. But usually not. Most federal tax brackets, standard deductions and adjustments for … [Read more...] about Washington Millionaires Tax Marriage Penalty
Washington’s New Millionaires Tax Statistics
Washington's new 9.9% millionaires tax doesn't take effect until January 1, 2028, with the first returns and payments due in April 2029. That … [Read more...] about Washington’s New Millionaires Tax Statistics
Section 199A QBI Deduction Calculator
Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read more...] about Section 199A QBI Deduction Calculator
Washington’s New Millionaire Tax Quietly Limits Charitable Deductions
If you’re a taxpayer likely affected by Washington’s new “millionaire tax?” Or you run a charity in Washington state? Yeah. You want to understand how … [Read more...] about Washington’s New Millionaire Tax Quietly Limits Charitable Deductions
Sleeper Material Participation Rules for Short-Term Rental Investors
Short-term rental investors often know the first three material participation rules—more than 500 hours, substantially all the hours, and 100 hours m … [Read more...] about Sleeper Material Participation Rules for Short-Term Rental Investors
The New Washington Millionaires Tax
The Washington legislature recently passed a new “millionaires tax.” Governor Ferguson signed the bill yesterday. Thus, starting in 2028, high-income W … [Read more...] about The New Washington Millionaires Tax
The Tax-Inclusive Gift Strategy Calculator
If you’re a Washingtonian who worries about estate taxes? You should know paying gift tax can reduce estate tax. And maybe more than you might g … [Read more...] about The Tax-Inclusive Gift Strategy Calculator
Washington State Millionaires Tax Residency Rules
The proposed Washington state millionaires’ 9.9% income tax comes with residency rules. And some taxpayers will really want to understand those r … [Read more...] about Washington State Millionaires Tax Residency Rules
Exporting Assets Avoids Washington State’s Estate Tax
The clean, nuclear way to avoid Washington state's estate tax is change domicile. (Something we've discussed here: Changing Your Washington State … [Read more...] about Exporting Assets Avoids Washington State’s Estate Tax
Powerball Lottery Tax Planning
Note: Updated on June 18, 2026 for Senate Bill 6347 which was signed March 24, 2026. A while back I talked about Lottery Tax Planning for a Billion … [Read more...] about Powerball Lottery Tax Planning