2019 Tax Bracket for Estate & Trust

What is 2019 income tax rate for estate and trusts?

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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