Philanthropy Blogs and Articles

Charitable Giving Strategies to Reduce Your Washington Income Tax

Washington’s new 9.9% income tax introduces a charitable deduction under §309, limited to $100,000 per year, which can shave up to $9,900 off a taxpayer’s liability. The deduction mirrors federal IRC §170 gifts, but its cap means high‑income earners must look beyond it. Strategies that lower federal adjusted gross income—such as donor‑advised funds, charitable remainder trusts, and qualified charitable distributions—provide a double‑dip advantage by reducing the base for Washington’s tax. A pre‑2028 window lets taxpayers front‑load large gifts to capture federal benefits before the state tax takes effect.