If you count yourself in the group of people looking at RMDs and charitable giving, consider the qualified charitable distribution.

Washington is among the lowest-ranked states on the Tax Foundation’s State Tax Competitiveness Index. The foundation, a nonpartisan tax policy nonprofit, said the list allows policymakers, taxpayers and business leaders to gauge how their states’ tax systems compare.

Q&A with Tara Haight, principal, market leader Eastern Washington, CliftonLarsonAllen (CLA).

A pair of new reports outline financial consequences if voters approve ballot measures this fall repealing Washington’s capital gains tax and scrapping its cap-and-trade program.

A parent can structure a gift of $1 million to a child today so that neither the child nor the parent will pay any tax.
A common misconception is that a person is limited in the amount of gifts he or she can give to friends or family. The truth is that there are no limits. 

Counties across Washington, of all sizes, are on the same kind of financial precipice. Many county officials blame the handcuffs that the Legislature has put on property taxes, their most crucial revenue source. 

Richland has available industrial land, a robust and skilled workforce, and other factors that make it attractive to companies looking to expand their operations or build something new within city limits. But now it can offer more incentives.

The AARP Foundation is providing free tax assistance and preparation through its Tax-Aide program at sites around the Tri-Cities.

Get your financial and legal team on the same page as you explore gray area deductions to best protect your business.