2019 Tax Bracket for Estate & Trust

The new tax rates for year 2019 announced .There is slight increase in the  Estate Tax Exclusion amount in this year. So a decedent dying between Jan. 1 and Dec. 31, 2019, may be subject to an estate tax, with an applicable lifetime estate duty exclusion amount of $11,400,000 (increased from $11,180,000 in 2018). The top marginal rate remains 40 percent.The tax rate schedule for estates and trusts in 2019 is as follows:

Income tax brackets for estates 2019

If taxable income is: The tax is:
Less than $2,600 10% of taxable income
Over $2,600 but not over $9,300 $260 plus 24% of the excess over $2,600
Over $9,300 but not over $12,750 $1,868 plus 35% of the excess over $9,300
Over $12,750 $3,075.50 plus 37% of the excess over $12,750

 

Income tax brackets for estates & Trust 2018

Taxable income between Tax rates
$1 – $2,549 10%
$2,550 – $9,149 $255 plus 24% of the excess over $2,550
$9,150 – $12,499 $1,839 plus 35% of the excess over $9,150
more than $12,500 $3,011.50 plus 37% of the excess over $12,500

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