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Kiplinger
Kiplinger
Business
Kelley R. Taylor

Washington Approves Capital Gains Tax Increase for 2025: Who Pays?

Stacks of coins ascending in height, with a a red arrow going up.

Washington State is making headlines again with significant changes to its tax code. A higher capital gains tax rate for top earners is part of a sweeping budget package signed into law last week by Gov. Bob Ferguson.

“To get a budget in a challenging situation to the finish line, it’s going to require working together and a lot of compromise,” Ferguson said of the bill. “I believe we accomplished that with this budget.”

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