State Reference · Tax Year 2026
Washington (WA)
No wage tax; 7% capital gains excise tax on LTCG >$262k (2024 base, indexed)
Washington Department of Revenue · Main form: None (Capital gains excise tax filed on separate return) · Due N/A for wages; April 15 for capital gains
Rates & brackets
Top rate7% on long-term capital gains above threshold
Standard deductionN/A
Filing logistics
Main formNone (Capital gains excise tax filed on separate return)
Filing dueN/A for wages; April 15 for capital gains
E-file portalMyDOR
AgencyWashington Department of Revenue
Major credits
- Working Families Tax Credit (up to $1,290/family — refundable)
Sales & property tax
Sales tax6.5% state + local (~8.9% avg); services largely exempt
Property taxLocally assessed; senior/disabled exemption income-based
Preparer notes
- WA Working Families Tax Credit is refundable and often missed — no wage tax return exists to trigger it automatically.
- Capital gains tax has a $250 charitable deduction and exempts real estate, retirement accounts, and small-business stock.
Related deduction & credit lessons
Deepen state-specific credit hunting with these lessons.