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 |
