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IRS Tax Rates for Trusts and Estates

These tax tables are designed for trusts and estates filing a 2000 income tax return. These tables do not take into account any credits, such as the standard deduction, mortgage deductions, etc.

(Includes examples at bottom.)

 

 

 

 

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
$1,750
$0
15%
$0
$1,750
$4,150
$262.50
28%
$1,750
$4,150
$6,300
$934.50
31%
$4,150
$6,300
$8,650
$1,601.00
36%
$6,300
$8,650
- - - - -
$2,447.00
39.6%
$8,650

 

 

Example #1

The John & Mary Smith Living Trust has TAXABLE INCOME of $30,000. The Smith Trust income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$8,650
- - - - -
$2,447.00
39.6%
$8,650

 

John & Mary Smith Living Trust's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $2,447.00 + [.396 x ($30,000 - $8,650)]
  = $2,447.00 + (.396 x $21,350) 
  = $2,447.00 + $8,454.60 
  = $10,901.60 

 

 

Example #2

The estate of Mary Doe, over the 2000 tax year, generates TAXABLE INCOME of $5,000. The Doe estate's income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$4,150
$6,300
$934.50
31%
$4,150

 

The Estate of Mary Doe 's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $934.50 + [.31 x ($5,000 - $4,150)]
  = $934.50 + (.31 x $850)
  = $934.50 + $263.50 
  = $1,198.00 


 

This equation does not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2000 income taxes. Actual tax tables may apply if your income is less than $100,000. For illustrative and planning purposes only.

 

 
 
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