Washington State’s Estate Tax Whiplash
Governor Bob Ferguson signed Senate Bill 6347, overturning Washington’s 2025 estate‑tax hike that raised the top rate from 20 percent to 35 percent for estates over $9 million. The reversal restores the previous 20 percent rate, ending the state’s brief stint as having the nation’s highest estate tax. Lawmakers had introduced the increase to address a multibillion‑dollar budget shortfall, but critics warned it could drive wealthy residents and family businesses away. The policy flip aims to balance fiscal needs with economic competitiveness.
Don't Delay Spousal Social Security Benefits
Farm couples often have a primary wage‑earning spouse while the other manages the household and farm chores without direct pay. When Social Security benefits begin, the stay‑at‑home spouse is eligible for a spousal benefit equal to half of the primary...
A Poll - Are You Waiting for USDA Guidance on LLCs and S-Corporations
The One Big Beautiful Bill Act, enacted in July 2025, reshapes how LLCs, S‑corporations, and similar entities are treated for USDA payment limits. Previously restricted to a single payment cap, these entities will now be evaluated like general partnerships, with...