// Deduction

Charitable donation deduction

Capital Gains Tax deduction · RCW 82.87.060(4) · enacted 2021

All exemptions & deductions

Details

Citation
RCW 82.87.060(4)
Study reference
E1221-1
Tax type
Capital Gains Tax
Preference type
Deduction
Category
Individuals
Year enacted
2021
End date
None scheduled

Fiscal impact (2024 study estimates)

Revenue if repealed — local ($M)
FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
Revenue if repealed — state ($M)
FY 2024: 0 · FY 2025: 0 · FY 2026: 0.289 · FY 2027: 0.281
Taxpayer savings — local ($M)
FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
Taxpayer savings — state ($M)
FY 2024: 0.279 · FY 2025: 0.295 · FY 2026: 0.304 · FY 2027: 0.296

CTI = confidential taxpayer information · D = unable to disclose

From the 2024 DOR Tax Exemption Study

Home Forms & Publications Publications By Subject Tax Topics 2021 Tax Legislation Print 2021 Tax Legislation 2022 Tax Legislation coming soon! The following is a brief summary of the tax-related bills passed by the Legislature and signed into law by Gov. Inslee during the 2021 legislative session. Behavioral health care B&O tax deductions Behavioral health crisis hotline Capital gains tax Captive insurers Carbon cap and trade program Customized employment training program B&O tax credit Emergency financial assistance grants Farmworker housing sales and use tax exemption Hydrogen fuel cell electric vehicle pilot sales and use tax exemption program Liquor licensee privileges Lodging special assessments Low-income ratepayer assistance and weatherization Main street tax credit program Nonresident vessel permits Ride sharing operations Salmon recovery grants Working families tax credit Also, see the department’s complete Summary of 2021 Tax & Licensing Legislation Behavioral health care B&O tax deductions This bill: Creates a B&O tax deduction for health or social welfare organizations, as defined under RCW 82.04.431 , on amounts received as compensation for providing mental health serv

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This is reference data from the 2024 study — not advice, and 2025–26 legislation may have changed it. Three ways to go deeper: