2019 Year-End Tax Guide

THE MARCUM 2019 YEAR-END TAX GUIDE | www.marcumllp.com

2019 ESTATES AND TRUSTS INCOME TAX BRACKETS

O VER

B UT N OT O VER

T HE T AX I S

…O F THE A MOUNT O VER

0%

$2,600

10%

$- -

$2,600

$9,300

$2,600 + 24%

$2,600

$9,300

$12,750

$1,868 + 35%

$9,300

$12,750

- -

$3,075.50 + 37%

$12,750

A LTERNATIVE M INIMUM T AX E XEMPTION

2019 E XEMPTION

P HASE - OUT T HRESHOLDS

Married Filing Jointly

$111,700

$1,020,600

Married Filing Separately

$55,850

$510,300

Single

$71,700

$510,300

Estate and Trust

$25,000

$83,500

Note: As AGI increases over a certain threshold, the AMT exemption is phased out. In 2019, the 28 percent AMT rate applies to excess Alternative Minimum Taxable Income of $194,800 for all taxpayers ($97,400 for married couples filing separate returns).

2019 TAXABLE INCOME THRESHOLD FOR LONG-TERM CAPITAL GAINS RATE

20% R ATE F OR L ONG -T ERM C APITAL G AINS AND Q UALIFIED D IVIDENDS

F ILING S TATUS

Married Filing Jointly

$488,850

Head of Household

$461,700

Single

$434,550

Married Filing Separately

$244,425

Trust & Estates

$12,950

(Continued)

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