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 |
