Below is some commonly relevant federal income tax information for estates and trusts.
Ordinary Income Tax Rates for Estates and Trusts
2023 Federal Income Tax Rates for Estates and Trusts | |
Taxable Net Income | Federal Tax |
Not over $2,900 | 10% of taxable income |
Over $2,900 but not over $10,550 | $290 plus 24% of the excess over $2,900 |
Over $10,550 but not over $14,450 | $2,126 plus 35% of the excess over $10,550 |
Over $14,450 | $3,491 plus 37% of the excess over $14,450 |
2023 Federal Long-Term Capital Gain Rates for Estates and Trusts | |
Taxable Net Income | Long Term Gains Rate |
$0 – $3,000 | 0% |
$3,001 – $14,649 | 15% |
Over $14,649 | 20% |