What are the tax brackets for CT?
Income Tax Brackets
| Single Filers | |
|---|---|
| Connecticut Taxable Income | Rate |
| $0 – $10,000 | 3.00% |
| $10,000 – $50,000 | 5.00% |
| $50,000 – $100,000 | 5.50% |
How is CT tax calculated?
Connecticut Median Household Income If you file as “Single” or “Married, Filing Separately,” the tax rate is 3.00% on taxable income of $10,000 or less; 5.00% for up to $50,000; 5.50% for up to $100,000; 6.00% for up to $200,000; 6.50% for up to $250,000; 6.90% for up to $500,000; and 6.99% for over $500,000.
What is taxable income in CT?
Basis and Rate
| Filing Status | Connecticut Taxable Income | Rate of Tax |
|---|---|---|
| Single/ Married Filing Separate | Not over $10,000 | 3% |
| Over $10,000 | $300, plus 4.5% of the excess over $10,000 | |
| Head of Household | Not over $16,000 | 3% |
| Over $16,000 | $480, plus 4.5% of the excess over $16,000 |
What is CT individual income tax rate?
Tax Year 2019 Connecticut Income Tax Brackets TY 2019 – 2020
| Tax Bracket | Tax Rate |
|---|---|
| $0.00+ | 3% |
| $10,000.00+ | 5% |
| $50,000.00+ | 5.5% |
| $100,000.00+ | 6% |
Does CT have a standard deduction?
Connecticut does not have a standard deduction.
What is CT state tax percentage?
6.35%
The Connecticut (CT) state sales tax rate is currently 6.35%. Connecticut raised the sales and use tax rate to 6.35% in July, 2011.
What is CT income tax rate 2021?
Connecticut Tax Brackets 2020 – 2021 Tax rate of 3% on the first $10,000 of taxable income. Tax rate of 5% on taxable income between $10,001 and $50,000. Tax rate of 5.5% on taxable income between $50,001 and $100,000. Tax rate of 6% on taxable income between $100,001 and $200,000.
Does CT have itemized deductions?
Deducting CT State Income Tax You can claim a state income tax deduction if you itemize deductions on your federal return. Because of to the Tax Cuts and Jobs Act, state and local tax deductions are limited to $10,000 per year ($5,000 for married filing separately).