OTR's enhanced security measures to safeguard tax dollars and combat identify theft/tax refund fraud may result in longer processing times for some tax returns What is the individual income tax rate for the District of Columbia? due with the extension, you have a 6-month extension of time to file until October 15, 2020. Learn how taxes, distributions and capital gains can affect your funds. You're in the right place for forms and help getting what you need for the IRS when it For tax-exempt funds, most income is generally exempt from federal income tax; Under current law, the maximum tax rate for individuals on long-term capital The annual gift tax exclusion for 2020 is $15,000 per person, same as 2019. Under the current tax law, the higher estate and gift tax exemption will sunset on December they were no longer subject to estate, gift and generation skipping tax. The 7520 rates for October dropped to 1.8% (Revenue Ruling 2019-23), down