Section 1(e) of the Internal Revenue Code imposes an income tax on estate and trusts. 2021 federal income tax rates for estates and trusts are included in Revenue Procedure 2020-45. They are as follows:
If taxable income is: The tax is:
Tax returns for estates and trusts are filed on Form 1041. See Instructions for Form 1041.
See IR Notice 2020-245, accompanying Rev. Proc. 2020-45
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