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2018 FIDUCIARY INCOME TAX – Updated Rates and Brackets

 

The following is some commonly relevant federal and Maryland income tax information for estates and trusts.  Feel free to bookmark this page for future reference.

Ordinary Income Tax Rates for Estates and Trusts

2018 Federal Income Tax Rates for Estates and Trusts
Taxable Net Income Federal Tax
Not over $2,550 10% of taxable income
Over $2,550 but not over $9,150 $255 plus 24% of the excess over $2,550
Over $9,150 but not over $12,500 $1,839 plus 35% of the excess over $9,150
Over $12,500 $3,011.50 plus 37% of the excess over $12,500

 

2018 Maryland Income Tax Rates for Estates and Trusts
Taxable Net Income Maryland Tax
$0 – $1,000 2.00%
$1,000 – $2,000 $20 plus 3.00% of the excess over $1,000
$2,000 – $3,000 $50 plus 4.00% of the excess over $2,000
$3,000 – $100,000 $90 plus 4.75% of the excess over $3,000
$100,000 – $125,000 $4,697.50 plus 5.00% of the excess over $100,000
$125,000 – $150,000 $5,947.50 plus 5.25% of the excess over $125,000
$150,000 – $250,000 $7,260.00 plus 5.50% of the excess over $150,000
Over $250,000 $12,760.00 plus 5.75% of the excess of $250,000

 

Federal Long-Term Capital Gain Rates for Estates and Trusts

Taxable Net Income Long-Term Gains Rate
$0 – $2,650 0%
$2,650 – $12,950 15%
$12,950+ 20%