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
| 2020 Federal Income Tax Rates for Estates and Trusts | |
| Taxable Net Income | Federal Tax |
| Not over $2,600 | 10% of taxable income |
| Over $2,600 but not over $9,450 | $260 plus 24% of the excess over $2,600 |
| Over $9,450 but not over $12,950 | $1,904 plus 35% of the excess over $9,450 |
| Over $12,950 | $3,129 plus 37% of the excess over $12,950 |
| 2020 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– $13,150 | 15% |
| $13,150 + | 20% |