Seattle is known as one of the most expensive places to live in the entire world. If you’re not earning $150,000+ income per year, it’s gonna hurt when tax season rolls around.
Tax on salary in Seattle, Washington is paid by income earners in Seattle. It is ranges from 1% to 9.5% for residents and 7.7% to 13.1% for non-residents. The property tax ranges from 0.45% to 2%.
Income tax in Seattle is a major part of the city’s revenue. The city levies an income tax on all earnings over $20,000, and the rate ranges from 1.5% to 2.3% depending on your income level.
The average Seattle resident pays about $1,250 per year in income taxes. That number goes up if you make more money—the more you earn, the higher your rate will be.
If you’re self-employed, you’ll need to look at two different numbers when calculating how much tax is taken out of your paycheck: your gross earnings and net earnings.
Your gross earnings are what you earn before taxes are taken out of your paycheck; this is what the IRS uses to determine how much tax should be withheld from each of your paychecks. Your net earnings are after taxes have been taken out of each check; this is what you’ll see reflected on your W2 at the end of the year.
What is the sales tax rate in Seattle, Washington?
The minimum combined 2022 sales tax rate for Seattle, Washington is 10.25%. This is the total of state, county and city sales tax rates. The Washington sales tax rate is currently 6.5%. The County sales tax rate is 0%. The Seattle sales tax rate is 3.75%.
Did South Dakota v. Wayfair, Inc affect Washington?
The 2018 United States Supreme Court decision in South Dakota v. Wayfair, Inc. has impacted many state nexus laws and sales tax collection requirements. To review the rules in Washington, visit our state-by-state guide.
Did COVID-19 impact sales tax filing due dates in Seattle?
The outbreak of COVID-19 (caused by the coronavirus) may have impacted sales tax filing due dates in Seattle. Please consult your local tax authority for specific details. For more information, visit our ongoing coverage of the virus and its impact on sales tax compliance.
