Washington capital gains tax collections by tax year, 2022-2025

Collections fell by about half from tax year 2022 ($782.0M) to 2023 ($394.7M), rose 48% in 2024 ($583.8M), and jumped to about $1.5 billion in 2025, when a 2.9% surcharge on gains over $1 million also took effect.

changeFromPriorYearPctnetCollectionsMilliontaxYear
7822022
-49.5394.72023
47.9583.82024
156.915002025

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