Related pages
- Relative to the net capital gains deduction, if the sale was structured as an installment sale, will installments recognized after January 1, 2025 be eligible for the deduction?
- Are there any changes to the combined personal exemption-standard deduction?
- Are there any changes to the IRC Section 280C deduction?
- Are there any changes to the provision governing property located inside a foreign trade zone (FTZ)?
- Are there any new deductions?
- Can I claim the net capital gains deduction for sales occurring on or after January 1, 2025?
- Can I still claim the additional $1,000 deduction for the blind, persons 65+, and dependents?
- Can I still claim the IRC Section 280C deduction?
- Can I still claim the net capital gains deduction for a sale that occurred prior to January 1, 2025?
- Did the annual retirement exemption change?
- Does Louisiana offer a deduction for bonus depreciation?
- Does Louisiana still have individual income tax triggers?
- How does the flat 3% individual income tax rate affect withholding for nonresident professional athletes?
- In the withholding formula, what does the phrase “midpoint of salary ranges” refer to with regard to the variable S?
- Is the corporation franchise tax repealed?
- Is there a standard deduction available for entities taxed as a corporation?
- What are the income tax rates for S corps and other pass-through entities making the pass-through entity (“PTE”) election?
- What are the individual income tax rates and brackets?
- What is the corporation income tax rate?
- Why do the withholding tables use 3.09%?
- Will the amount withheld from my paycheck change?
- Will the standard deduction change each year or stay the same?
- Will the tax tables be updated?
Related pages
- Relative to the net capital gains deduction, if the sale was structured as an installment sale, will installments recognized after January 1, 2025 be eligible for the deduction?
- Are there any changes to the combined personal exemption-standard deduction?
- Are there any changes to the IRC Section 280C deduction?
- Are there any changes to the provision governing property located inside a foreign trade zone (FTZ)?
- Are there any new deductions?
- Can I claim the net capital gains deduction for sales occurring on or after January 1, 2025?
- Can I still claim the additional $1,000 deduction for the blind, persons 65+, and dependents?
- Can I still claim the IRC Section 280C deduction?
- Can I still claim the net capital gains deduction for a sale that occurred prior to January 1, 2025?
- Did the annual retirement exemption change?
- Does Louisiana offer a deduction for bonus depreciation?
- Does Louisiana still have individual income tax triggers?
- How does the flat 3% individual income tax rate affect withholding for nonresident professional athletes?
- In the withholding formula, what does the phrase “midpoint of salary ranges” refer to with regard to the variable S?
- Is the corporation franchise tax repealed?
- Is there a standard deduction available for entities taxed as a corporation?
- What are the income tax rates for S corps and other pass-through entities making the pass-through entity (“PTE”) election?
- What are the individual income tax rates and brackets?
- What is the corporation income tax rate?
- Why do the withholding tables use 3.09%?
- Will the amount withheld from my paycheck change?
- Will the standard deduction change each year or stay the same?
- Will the tax tables be updated?
Did the income tax rates for estates and trusts change?
Yes. For taxable periods beginning on or after January 1, 2025, the rate for fiduciary income is a flat 3%. See the chart below for historical rates.
| Taxable Income | Tax Years 2021 and Prior | Tax Years 2022-2024 | Tax Years 2025 and After |
|---|---|---|---|
| $0 - $10,000 | 2.00% | 1.85% | 3% |
| $10,001 - $50,000 | 4.00% | 3.50% | 3% |
| $50,001 and over | 6.00% | 4.25% | 3% |