Washington Income Tax Guide for 2024

This state does not impose an income tax on individuals.

This state does not have standard deductions or exemptions.

• No individual income tax; Washington levies a 7% excise tax on long-term capital gains above an inflation-indexed standard deduction
• Standard deduction is $270,000 for 2024 (per individual, married couple, or domestic partnership)
• The additional 2.9% tier on gains over $1,000,000 did not begin until tax year 2025
• Real estate and retirement accounts exempt

The 2024 figures for Washington on this page were compiled from the following official government publications:

• Capital gains tax | Washington Department of Revenue