2024 California Tax Brackets For Trusts. Ordinary income tax rates for trusts and estates currently range from 10% to 37%. But a new law says these trusts must pay california tax.
In the absence of future legislation, tax rates and brackets will revert back to prior levels after december 31, 2025. As a result, california grantor trusts can now include discretionary income tax reimbursement powers, potentially making them more attractive for estate planning.