Saturday, December 14, 2024
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Washington state had a net population loss last year as more people packed up and moved out of the state than into it, which subsequently led to a loss of taxable income for the state.

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IRS data: WA lost 18K people, $1.66B in taxable income in 2021
July 8, 2024 3:14 p.m.

IRS data: WA lost 18K people, $1.66B in taxable income in 2021

(The Center Square) – Washington state saw a net loss of 18,798 taxpayers and their families between calendar years 2021 and 2022, according to Internal Revenue Service migration data released last week. That represents a loss of nearly $1.66 billion of taxable income, although Washington does not have a state income tax.