Connecticut Tax

Connecticut  Income Tax

Connecticut State Tax

The Connecticut State collects income tax from residents and non-residents who earn income in the state. Individual taxpayers may file their income tax returns as single filer, Head of Household, and widow or widower with dependents. Married couples may file their tax jointly or separately.

Connecticut income tax has three marginal tax brackets. These income tax brackets differ for taxpayers filing under various conditions. Individual and married taxpayers filing separately with taxable income below $10,000 must pay 3% of their earnings. Incomes between $10,000 and $500,000 are charged 5% plus $300. The highest bracket consists of incomes over $500,000 levied with 6.5% income tax rate and an additional $24,800.

Heads of household and widows/widowers have different tax rates. The Connecticut tax code collects 3% of the first $16,000 of incomes generated by taxpayers filing as head of household. The tax rate for incomes over between $16,000 and $800,000 is 5 percent and 6.5 percent for those over $800,000.Tax rates for widow or widowers with qualified dependents are 3% for the first $20,000 of the taxable income; 5% for incomes between $20,000 and $1million; and 6.5% for incomes over $1 million.

Basically, the Connecticut state income tax return contains the same information declared in the federal income tax return. Exemptions filed in the federal return are also excluded in the state tax return. Moreover, taxpayers in Connecticut can take advantage of property tax credits for real and personal properties.

Taxpayers must file state tax returns on or before the 15th of April each year.