Trust

The IRS has enacted revenue procedure 2019-44 which updates rules in the tax code, which updates include regular adjustments for inflation. Included in these updates are adjustments to the 2020 tax brackets for estate and trust taxable income. Important note: Estates...

Update: Here are the 2019 income tax rates for trusts and estates and the 2020 income tax rates for tusts and estates. The IRS recently enacted revenue procedure 2016-55 which updates rules in the tax code that are regularly adjusted due to inflation. Among the...