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IRS 2009 Tax Rates for Estates and Trusts

These tax tables are designed for trusts and estates filing a 2009 income tax return. Like the other income tax rates, the trust and estate income tax rates differ dramatically from year to year.

These tables are effective January 1, 2009, and do not take into account any credits that may apply to trusts and estates.

 

 


Single

Joint Married

Married Filing Separate

Head of Household

Trusts

 

 
If Taxable Income Is... Then Estimated Taxes Are...

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$0
$2,200
$0
15%
$0
$2,200
$5,150
$330.00
25%
$2,200
$5,150
$7,850
$1,067.50
28%
$5,150
$7,850
$10,700
$1,823.50
33%
$7,850
$10,700
- - - - -
$2,764.00
35%
$10,700

 

 

Example #1

The Estate of Judith Wallace had TAXABLE INCOME of $25,000. The Wallace income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$10,700
- - - - -
$2,764.00
35%
$10,700

 

 

 

 

The Estate of Judith Wallace's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $2,764.00 + [.35 x ($25,000 - $10,700)]
  = $2,764.00 + (.35 x $14,300)
  = $2,764.00 + $5,005.00
  = $7,769.00

Before she passed away, Judith filed her income taxes as a single individual. If Judith were still alive in 2009 and filing her taxes, her 2009 tax bill would have only been $3,348.75 (using the 2009 income tax rate table for single individuals). Because of the higher tax rates for estates, her estate paid $4,420.25 more in income taxes.

 


 

 

Example #2

John and Linda Mulligan own an irrevocable trust that generated 2009 TAXABLE INCOME of $10,000. The Mulligan trust income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$7,850
$10,700
$1,823.50
33%
$7,850

 

 

 

 

The Mulligan Irrevocable Trust's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $1,823.50 + [.33 x ($10,000 - $7,850)]
  = $1,823.50 + (.33 x $2,150)
  = $1,823.50 + $709.50
  = $2,533.00

In 2009, John and Linda reported $130,000 in joint income, meaning that they were in the 28% tax bracket. Looking at the tax tables, it only takes $7,850 in income for a trust or estate to exceed that income tax rate, and enter the 33% tax bracket.

 

These sample equations do not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2009 income taxes. The names mentioned in these samples are fictitious and not based on any individual. For illustrative and planning purposes only. For more information, or to review the official tax tables, please download Instructions for Form 1040.

 

 

 

 

 
 
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