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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.
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The Estate of Judith Wallace's Estimated Taxes
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. |
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The Mulligan Irrevocable Trust's Estimated Taxes
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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