Ferguson rejects both House and Senate budgets, dismissing tax hikes and wealth tax
OLYMPIA—Washington State Governor Bob Ferguson said he will not be signing off on either House or Senate 2025-27 operating budget proposals during a press conference Tuesday, April 1, explaining he cannot stand by the tax hikes proposed, especially during a time of federal uncertainty. [Watch video of Ferguson budget presser at end of article]. “Hope […]
Washington House passes $78 billion state operating budget, Senate and governor to weigh in
The Washington state House passed its operating budget just after midnight on Tuesday, setting the stage for negotiations with the Senate and the governor on a spending blueprint to address a looming multi-billion-dollar shortfall. The House approved the two-year $77.8 billion operating budget on a 54-44 vote in which five Democrats joined all Republicans in opposition. The five Democrats who […]
With Paid Family and Medical Leave finances still troubled, payroll tax likely to increase
Who could have predicted this? A lot of us. The number of people tapping the taxpayer-provided Paid Family and Medical Leave fund is increasing every year. The paid-leave program, abbreviated PFML, was launched in 2020. It imposes a tax on employers and workers, whether or not the workers paying in ever use the program. The money […]
IRS continues special Saturday hours on March 16 for face-to-face help at the Everett Taxpayer Assistance Center
WASHINGTON—The Internal Revenue Service will open the Everett Taxpayer Assistance Center (TACs) on Saturday, March 16, from 9 a.m. to 4 p.m., at 2707 Colby Ave., to provide in-person help. These special Saturday hours are part of the agency’s continuing transformation efforts to improve taxpayer service. This marks the second of four special nationwide Saturday […]
Judge overturns Washington state’s new capital gains tax
UPDATED [12:29 AM MARCH 2, 2022]: Added the Republican response to the capital gain tax ruling DOUGLAS COUNTY, March 1, 2022 – Today, Douglas County Superior Court Judge Brian Huber overturned a new capital gains tax that was signed into law last year by Governor Jay Inslee. Huber ruled that it is an unconstitutional tax […]
Lynnwood City Council discusses eliminating $40 vehicle license fee
On Monday, October 11, 2021, Lynnwood City Council members discussed eliminating the $40 vehicle license fee. The ordinance did not pass in this week’s session, but it was moved to the Work Session on October 18. The council also read in the city’s proclamation of the 2021 Indigenous Peoples’ Day. Lynnwood, Wash., October 15, 2021 […]
The IRS extends tax deadlines
By Paul Ellis, CIMA® | Ellis Wealth Management On March 29, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year has been automatically extended from April 15, 2021, to May 17, 2021. More time for all. However, the IRS has also settled on […]
State Senate approves 7% capital gains tax
By Mario Lotmore | Lynnwood Times Staff Olympia, Wash., March 6, 2021 – Today the Washington state Senate narrowly passed SB 5096 to impose a 7% capital tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples. Those persons who profit more than $250,000 in […]
