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Connecticut State Tax Help and Forms (Subscribe)

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Connecticut tax help, forms and answers to thousands of Connecticut tax questions. Handy summary of all Connecticut taxes, including corporate and individual Connecticut income taxes, credits, exemptions, deductions and more. Includes Connecticut estate, gift and inheritance tax, miscellaneous Connecticut taxes, pass-through entity treatment, payroll taxes, property taxes and Connecticut sales & use taxes.

Connecticut ranks #38 on the State Business Tax Climate Index (TaxFoundation.org).

Connecticut State Tax Summary (TaxGrams ™)
Corporate Taxes
   Rates & Brackets:
      7.5%>$0
   Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
   Throwback Sales?: N
   Foreign Tax Deductible?: Y
   Alternative Minimum Tax (AMT): N
   Gross Receipts Tax: N
   Capital Stock (Net Worth) Tax?: 0.310% ($1 Million Max.)

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: Y
   Investment Credits?: Y

Individual Taxes
   Rates & Brackets:
      3%> $0
      5%> $10,000
   Local Option IT Rate: None
   Federal Inc used as Base?: Y
   Standard Deductions: Single N/A / Joint N/A
   Personal Exemptions/Credits (c): Single $13,000 max. / Joint $26,000 max. / Dependent N/A
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: Y

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: Y
   Estate Tax?: Decoupled
   Inheritance Tax?: N
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 25.0 cents/gallon
   Diesel Tax: 43.4 cents/gallon
   Cigarette Tax: 200.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Y
   S-Corp Pass-through Recognized?: Y

Payroll Taxes
   Unemployment Insurance Tax Index (TaxFoundation.org): #34

Property Taxes
   Median Tax Paid on Homes (Rank): $4,603 (#2)
   Median Value of Homes: $306,000
   Tax as % of Home Value (Rank): 1.50% (#8)
   Median Income of Homeowner: $87,419
   Tax as % of Income (Rank): 5.27% (#3)

Sales and Use Taxes
   State Rate: 6.0%
   County & City (Weighted Ave): None
   Combined State and Ave. Local Rates (Rank): 6.00% (#32)
   General Treatment of Services: Many Taxable
   Gas Exemption: Exempt
   Grocery Exemption: Exempt

 
 

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Connecticut Tax Code popular

Tax Code from the General Statutes of Connecticut, revised to January 1, 2011. Prepared under the direction of the Legislative Commissioners' Office.

http://www.cga.ct.gov/asp/menu/Statutes.asp

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Connecticut Judicial Branch

Contains juror info, courts, bar exam results, libraries, news, publications and more. Tax resources include access to court decisions. Comprehensive and complete resource.

http://www.jud.state.ct.us/

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Connecticut Legislative Info

Very easy access to various legislative committees, including latest agenda and latest minutes. Great search facilities for bills and legislators. Excellent time-saving resources.

http://www.cga.ct.gov/

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Connecticut Statutes

General Statutes of Connecticut, revised to January 1, 2001. Prepared under the direction of the Legislative Commissionersí Office.

http://www.cga.ct.gov/asp/menu/Statutes.asp

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Connecticut: Installment Agreement

If you cannot pay the total amount of tax due with the return, you may qualify for a payment plan. Download TPG-171, Short-Term Payment Plan Request Form, complete it, and mail or fax it to DRS. Your request will be reviewed.

http://www.ct.gov/drs/cwp/view.asp?a=1462&Q=479958&PM=1&drsNav=|

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Connecticut: Voluntary Disclosure Program

The Connecticut Department of Revenue Services encourages businesses and individuals who are not in compliance with Connecticut tax laws to come forward voluntarily to register or bring their accounts into compliance. If a taxpayer has failed to pay Connecticut taxes, or has underreported income or transactions on which taxes should be paid, the taxpayer may contact the Department to make satisfactory arrangements to clear his or her tax record.

http://www.ct.gov/drs/cwp/view.asp?a=1430&q=265826

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