June 2026: Why Different State Taxes Matter for Financial Planning

Washington state

·        upcoming “Millionaires tax”

·        New state capital gains tax for some long-term capital gains that exceed $278K/year

·        Washington state estate tax

·        Business & Occupation (B&O) tax on gross income

Montana

·        State property tax, including property taxes recently increased for 2nd homes in Montana

For comparisons of state property taxes that include local millages, visit https://taxfoundation.org/data/all/state/property-taxes-by-state-county/

For more information about taxes in different states, also visit https://www.fidelity.com/learning-center/personal-finance/best-states-for-taxes

*Information is current as of June 15, 2026.  It is subject to change at any time.