VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
This year, trusts are subject to the 39.6 percent ordinary-income rate and the 20 percent capital gains rate to the extent their taxable income exceeds $12,150. And the 3.8 percent net investment income tax applies to undistributed net investment income to the extent that a trust’s adjusted gross income exceeds $12,150.
Three strategies can help you soften the blow of higher taxes on trust income:
Some of these strategies may, however, conflict with a trust’s purpose. Doeren Mayhew’s tax professionals in Michigan, Houston or Ft. Lauderdale can review your trusts and help you determine the best solution to achieve your goals.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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