Washington’s B&O Tax Credit Can Reduce Your New Income Tax
How Washington’s B&O credit reduces the new income tax, flows through to business owners, and works with the required addback. Includes a $20,000 example.
8 posts with this tag
Washington Income Tax
Ten Tax Planning Moves to Review Before Washington’s Income Tax Begins in 2028
Ten ways to reduce or avoid Washington's new 9.9% income tax before 2028, including income timing, Roth conversions, residency, QSBS, retirement contributions, and tax credits.
Washington's Receipts Throwout Can Raise a Nonresident's Share of Pass-Through Income
Under ESSB 6346, receipts that can't be assigned to a state drop out of the receipts-factor denominator. For a Nevada owner of a consulting firm, that raises the Washington share. Whether Nevada receipts drop out too is an open question.
Leaving Washington? Track Your Days. An App Beats Your Memory.
Moving from WA to NV with time in CA? Day counts can decide a residency fight. Contemporaneous app logs beat memory. Which apps to consider.
Seattle's Payroll Taxes Give the Sonics a Reason to Practice Outside the City
In one illustration, an NBA team practicing in Seattle owes about $6.5M a year in city payroll taxes on player pay; practicing outside, about $2.2M.
What the I-645 School-Funding Warning Leaves Out
The ballot says I-645 would decrease funding for schools, universities, and healthcare. It doesn't say when the money would arrive, or what the decrease is measured against.
Washington’s Income Tax Is the Wrong Answer
Washington can make its tax system fairer without accepting every argument for an income tax. A falling spending-to-income ratio is not a needs assessment, and more revenue is not a substitute for budget discipline.
Washington Capital Gains Tax vs. the New 9.9% Income Tax: How the Two Interact
How Washington’s capital gains tax and 2028 income tax interact: when gains are added back, how the credit works, and examples using stated deduction assumptions.