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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">See below for deaths on and after 1/1/25. Best, Josh
<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Washington Department of Revenue <WADOR@public.govdelivery.com>
<br>
<b>Sent:</b> Thursday, January 2, 2025 10:18 AM<br>
<b>Subject:</b> Estate Tax New Legislation<o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><strong><span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:white">Estate Tax - New Special Exemption for a Spousal Decedent's Gross Estate Calculation</span></strong><span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:white"><o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">FILING THRESHOLD CALCULATION EXCLUSION FOR SPOUSAL COMMUNITY</span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">A married or registered domestic partnership couple (spouses),
</span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">where one spouse passes on or after January 1, 2025, may be able to exclude their qualifying personal residence from determining if they need to file.<o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">A decedent’s gross estate</span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"> includes one-half of all community assets plus all separately-owned
assets. When spouses have a qualifying personal residence included in the gross estate, the decedent’s estate can exclude their portion of the personal residence when determining if the decedent’s estate is required to file a return. If the decedent’s gross
estate value is below the filing threshold, currently $2,193,000, then no return is required to be filed with Washington state.<o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">The exemption is only used for determining if a return needs to be filed.
</span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">For a decedent’s gross estate, without the qualifying personal residence, that meets the $2,193,000 filing threshold, a return will need to be filed. When a return is
required to be filed, the decedent’s share of the personal residence will need to be included in the gross estate. The exemption is only for determining if the return needs to be filed; the residence is not excluded when filing the return. A filing is required
any time the gross estate meets the filing threshold, even if no tax is due.<o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">Special elections.
</span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">For a decedent’s estate that wishes or needs to make elections, be sure to file a return, even if the gross estate is below the filing threshold. This is true if the estate
is making a qualified terminable interest property (QTIP) election. If the estate wants the QTIP election made, including a zero QTIP, a filing must be made with Washington state.<o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">Additional information and general questions. </span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"> If you are wondering if you have a qualifying
personal residence see the items linked below. If have additional or other questions please send an email to the estate tax team at
<a href="mailto:estates@dor.wa.gov" target="_blank"><span style="color:#0071BC">estates@dor.wa.gov</span></a>.<o:p></o:p></span></p>
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<strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black">Resources</span></strong><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"><a href="https://links-2.govdelivery.com/CL0/https:%2F%2Fapp.leg.wa.gov%2FRCW%2Fdefault.aspx%3Fcite=83.100.050/1/01010194280699a9-538502eb-b5d2-42ea-a631-8f66fa2408d6-000000/0YkWyMRbkfxUpMKVuSiEQDENzaRM1FocHbNPJmwuUjg=386"><span style="color:#0071BC">RCW
83.100.050 – Exemption (see section 7)</span></a><o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"><a href="https://links-2.govdelivery.com/CL0/https:%2F%2Fapp.leg.wa.gov%2Fwac%2Fdefault.aspx%3Fcite=458-57-135/1/01010194280699a9-538502eb-b5d2-42ea-a631-8f66fa2408d6-000000/br_C4lSot1hHiJZ1SB1KwIqON8N1p170Gh91rLle71M=386"><span style="color:#0071BC">WAC
458-57-135 – Exemption – Qualifying family residence (see section 9)</span></a><o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:black"><a href="https://links-2.govdelivery.com/CL0/https:%2F%2Fdor.wa.gov%2Ftaxes-rates%2Fother-taxes%2Festate-tax%2Festate-tax-spousal-personal-residence-exclusion/1/01010194280699a9-538502eb-b5d2-42ea-a631-8f66fa2408d6-000000/VRywZK2TSfOSkS_6HySb6otEBfbG1Rz1xuaXMoIVxpw=386" target="_blank"><span style="color:#0071BC">Estate
tax spousal personal residence exclusion</span></a><o:p></o:p></span></p>
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