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  • Form-ct-706-nt-fillable0624-final.pdf - Ct.gov

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DRAFT 04082024 Form CT706 NT Print FormReset Form File Only With Probate Court (Rev. 06/24)Save Form State of ConnecticutConnecticut Estate Tax Return (for Nontaxable Estates)For estates of decedents.

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Form ct 706 nt 2024 Questions & Answers

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What if my spouse and I want to give away property that we own together? (updated Oct. 28, 2024) Year of giftAnnual exclusion per doneeAnnual exclusion total per donee (from 2 spouses) 2022 $16,000 $32,000 2023 $17,000 $34,000 2024 $18,000 $36,000 2025 $19,000 $38,0003 more rows • Oct 29, 2024

As a result, for 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 million. Couples making joint gifts can double that amount. This exemption has helped affluent families pass along substantial gifts tax-free.

In Connecticut, the tax rate for deaths prior to 2023 ranged from 10.8 to 12% depending on the size of the estate. Starting in 2023, the Connecticut estate tax is a flat-rate tax of 12%. (Compare these rates to the current federal rate of 40%.) See the Connecticut statute for the exact estate tax rates.

Estates of decedents who die during 2025 have a basic exclusion amount of $13,990,000, increased from $13,610,000 for estates of decedents who died in 2024. Annual exclusion for gifts increases to $19,000 for calendar year 2025, rising from $18,000 for calendar year 2024.

For estates of decedents dying during 2024, the Connecticut estate tax exemption amount is $13.61 million. Therefore, Connecticut estate tax is due from a decedent's estate if the Connecticut taxable estate is more than $13.61 million.

Form CT-706 NT, Connecticut Estate Tax Return (for Nontaxable Estates), is required to be filed by the executor or administrator of a decedent's estate where the amount of the decedent's Connecticut taxable estate is less than or equal to the Connecticut estate tax exemption amount.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232