2024 California State Tax Rates For Trusts
2024 California State Tax Rates For Trusts. Trusts are subject to a highly compressed tax bracket, reaching the highest federal income tax rate (37% as of 2024) once income exceeds $14,450. This is a special state throwback tax that says:
Find out the current trust tax rates and how they apply to different. But a new law says these trusts must pay california tax.