Get CT DRS OS-114 2017

Connecticut Median Household Income If you are single or married and filing separately, the tax rate is 3% for those who make $10,000 or less in taxable income; 5% for up to $50,000; 5.5% for up to $100,000; 6% for up to $200,000; 6.5% for up to $250,000; 6.9% for up to $500,000 and 6.99% for over $500,000.

Connecticut Income Tax. Connecticut's personal income tax is a relatively recent development: Up until 1991, only capital gains, interest and dividends were taxed. Today, those income sources, as well as wages and salaries, are taxed at marginal rates between 3% and 6.99%.

Please change your search criteria and try again. The state of Connecticut generates most of its revenue through an individual income tax and a statewide sales tax. Income tax rates range from 3% to 6.99%; that top rate ranks as slightly above the U.S. average.

Indiana Income Tax. Indiana has a flat state income tax rate of 3.23% for the 2018 tax year, which means that all Indiana residents pay the same percentage of their income in state tax.

As of January 2019, state individual income taxes for flat tax states include: Colorado: 4.63 percent.

State Withholding is the money an employer withholds from each employee's wages to help prepay the state income tax of the employee. An employer must withhold Connecticut tax if the employee is a resident of Connecticut, performing services in the state.

Withholding is the money an employer withholds from each employee's wages to help prepay the state income tax of the employee. An employer must withhold Connecticut tax if the employee is a resident of Connecticut, performing services in the state.

Connecticut State Payroll Taxes It's a progressive income tax that ranges from 3% to 6.99%.

When you file exempt with your employer for federal tax withholding, you do not make any tax payments during the year. Without paying tax, you do not qualify for a tax refund unless you qualify to claim a refundable tax credit, like the Earned Income Tax Credit.

A. An individual's net capital gains are taxed at the rate of 7%. Dividends and interest income are taxed at a rate based on Connecticut Adjusted Gross Income. The rates vary from 1% to 14%.

Capital gains are currently taxed at Connecticut's top income tax rate of 6.99 percent.

The current capital gains tax rates under the new 2018 tax law are zero, 15 percent and 20 percent, depending on your income. The 2018 capital gains tax rate is holding steady through 2019, but the income required for each rate has changed.

Connecticut Median Household Income If you are single or married and filing separately, the tax rate is 3% for those who make $10,000 or less in taxable income; 5% for up to $50,000; 5.5% for up to $100,000; 6% for up to $200,000; 6.5% for up to $250,000; 6.9% for up to $500,000 and 6.99% for over $500,000.

Determine your realized amount. This is the sale price minus any commissions or fees paid. Subtract your basis (what you paid) from the realized amount (how much you sold it for) to determine the difference. If you sold your assets for more than you paid, you have a capital gain.

The amount of the PE Tax Credit is equal to your direct and indirect pro-rata share of the PE Tax paid by the pass-through entity multiplied by 93.01%. You can use the PE Tax Credit against your Connecticut income tax liability.