Page 8 - Tax Planning
P. 8

// TRUST AND ESTATES











    Trust s and Est at es




    If Taxable              But not over Tax is                              Plus                    Of the

    income is over                                                                                   amount over


    $0                      $2,600                  10%                                              $0





    $2,600                  $9,450                  $260                     24%                     $2,600





    $9,450                  $12,950                 $1,904                   35%                     $9,450





    $12,950                                         $3,129                   37%                     $12,950






    All rates mentioned above are applicable for Tax Year   2020




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