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Julie Garber

2013 Estate and Trust Income Tax Brackets

By January 22, 2013

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The IRS has released Rev. Proc. 2013-15 which sets forth the inflation-adjusted income tax brackets for 2013. Below are the income tax brackets that will apply to estates and trusts in 2013, which includes the new top 39.6% income tax bracket introduced by the American Taxpayer Relief Act:

If taxable income is:      The tax is:

Not over $2,450          15% of the taxable income

Over $2,450 but          $367.50 plus 25% of
not over $5,700           the excess over $2,450

Over $5,700 but          $1,180 plus 28% of
not over $8,750           the excess over $5,700

Over $8,750 but          $2,034 plus 33% of
not over $11,950         the excess over $8,750

Over $11,950              $3,090 plus 39.6% of
                                    the excess over $11,950

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