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What is the tax rate for trusts and estates?

Answer #84 -- ( Published 08/04/2005 12:32 PM | Updated 07/12/2017 10:38 AM )

What is the tax rate for trusts and estates?

For income received or accrued on or after January 1, 2015, check the Tax Rate Database for the current income tax rate for trusts and estates.

Trusts also pay a percent Personal Property Tax Replacement Income Tax (replacement tax). Check the Tax Rate Database for the current rate. Estates do not pay replacement tax.

Note: Due to a tax rate change that occurs during their tax year, taxpayers with tax years ending after December 31, 2014, and before December 31, 2015, must divide their total net income between the periods subject to different rates. See Informational Bulletin FY 2015-09, Illinois Income Tax Rate Decrease, for more information.

For income received or accrued on or after January 1, 2011, and before January 1, 2015, the income tax rate is 5 percent for trusts and estates.

Note: Due to a tax rate change that occurs during their tax year, taxpayers with tax years ending after December 31, 2010, and before December 31, 2011, must divide their total net income between the periods subject to different rates. See Informational Bulletin FY 2011-09, Illinois Income Tax Increase, for more information.

For income received or accrued on or before December 31, 2010, the income tax rate is 3 percent for trusts and estates.

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