Washington State Lost 14,000 Residents but Gained $200 Million

According to the Internal Revenue Service’s latest report on international migration on Thursday(April 27), Washington state saw the same number of persons move in as leave.

In 2021, 203,562 taxpayers and dependents reported residing in Washington on their federal tax returns. In contrast, 217,696 Washington residents left the state. In other words, 14,407 fewer individuals were entering the Evergreen State than departing.

Washington State Lost 14,000 Residents but Gained $200 Million

New IRS data shows that although Washington saw a slight net loss in population, the state gained around $200 million in adjusted gross income. This is because the total adjusted gross income leaving Washington State was more than $11 billion, while the total adjusted gross income coming into the state was $11.2 billion.

The information was gathered by comparing taxpayers’ home addresses before and after moving to a new state and before and after filing their tax returns. In this case, the data does not include those who did not submit taxes. A taxpayer receiving a refund in 2020 will have lived in the United States in 2019. As of 2021, the IRS had received tax returns for 2020.

The following is the most up-to-date information on recent happenings in Washington State:

Californians made up the bulk of Washington’s new taxpayers. According to the numbers, in that year, 46,667 taxpayers and their dependents relocated from California to Washington, bringing with them almost $3.75 billion in AGI.

California is the most popular destination for Washingtonians departing the state, where almost 28,000 have relocated and brought over $1.74 billion in adjusted gross income.

The “red states” emerged when attracting new residents and their tax dollars. Most people moved to the Sunshine State, Texas, the Carolinas, and Tennessee. The most significant population declines occurred in California, New York, Illinois, Massachusetts, and Louisiana.

( Source Link )

About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top