Washington's new income tax allows a charitable deduction capped at $100K per individual ($100K combined for couples). Here are five strategies — DAFs, CRTs, QCDs, bunching, and appreciated stock — to maximize the benefit.
No special exemption exists for retirement income under Washington's new 9.9% tax. IRAs, 401(k)s, pensions, and Social Security all count toward the $1M threshold. The Roth conversion window before 2028 is the biggest planning opportunity.