News & Analysis as of

Washington Tax Exemptions

Lasher Holzapfel Sperry & Ebberson PLLC

What You Need to Know About Washington’s New Estate Tax Break for Family Homes

Washington state recently enacted some changes that may impact married couples and registered domestic partners. Under the new Spousal Personal Residence Exclusion, when a spouse/partner passes away on or after January 1,...more

Davis Wright Tremaine LLP

Who is Caring for WA Cares? Part 1: Deductions to Start July 1, 2023

As discussed in prior advisories, following a class action lawsuit challenging Washington State's Long-Term Services and Supports Trust Program (now called "WA Cares") and legislative changes and delays, WA Cares is again set...more

Foster Garvey PC

Now Effective: New REET Exemption Available in Washington for Property to Be Used to Provide Affordable Housing

Foster Garvey PC on

As of January 1, 2023, providers of affordable housing in Washington State have access to a new exemption from the excise tax on real estate sales (also known as the real estate excise tax, or “REET”). This new exemption,...more

Perkins Coie

Real Estate Excise Tax Exemption Encourages Affordable Housing

Perkins Coie on

Transfers of real property to certain qualifying entities will no longer be subject to real estate excise tax in Washington State, effective on January 1, 2023. The Washington State Legislature passed Engrossed House Bill...more

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