Marcum 2021 Year-End Tax Guide

2021 TRUST & ESTATES INCOME TAX BRACKETS OVER BUT NOT OVER THE TAX IS

…OF AMOUNT OVER

$0

$2,650 $9,550 $13,050

10%

$0

$2,650 $9,550 $13,050

$265 + 24% $1,921 + 35% $3,146 + 37%

$2,650 $9,550 $13,050

2022 TRUST & ESTATES INCOME TAX BRACKETS OVER BUT NOT OVER THE TAX IS

…OF AMOUNT OVER

$0

$2,750 $9,850 $13,450

10%

$0

$2,750 $9,850 $13,450

$275 + 24% $1,979 + 35% $3,146 + 37%

$2,750 $9,850 $13,450

2021 ALTERNATIVE MINIMUM TAX EXEMPTION

COMPLETE PHASE-OUT OF EXEMPTION

2021 EXEMPTION PHASE-OUT THRESHOLD

MFJ MFS

$114,600 $57,300 $73,600 $25,700

$1,047,200 $523,600 $523,600

$1,505,600 $818,000 $818,000

SINGLE

ESTATES AND TRUST

$85,650

$188,450

2022 ALTERNATIVE MINIMUM TAX EXEMPTION

COMPLETE PHASE-OUT OF EXEMPTION

2022 EXEMPTION PHASE-OUT THRESHOLD

MFJ MFS

$118,100 $59,050 $75,900 $26,500

$1,079,800 $539,900 $539,900

$1,552,200 $776,100 $843,500

SINGLE

ESTATES AND TRUST

66 | MARCUM 2021 YEAR-END TAX GUIDE