2023 FIDUCIARY INCOME TAX – Updated Rates and Brackets

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 IncomeFederal Tax
Not over $2,90010% 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 IncomeLong Term Gains Rate
$0 – $3,0000%
$3,001 – $14,64915%
Over $14,64920%