Connecticut Department Of Revenue, Connecticut Tax
Connecticut Business Corporate Tax, Connecticut Personal Income Tax, Connecticut Sales Tax Rates
What is the Connecticut corporate net income tax rate?
7.5%
There is a $250 minimum payment to submit the tax return, even if you don’t make any money. There is also the BET tax with a $200 minimum.
What are the Connecticut personal net income tax rates?
$0-10,000 3%
$10,000+ 5%
What is the average Connecticut sales tax rate?
6%
Are there standard deductions?
Single: n/a
Joint: n/a
Are there personal exemptions?
Single: $13,000
Dependants: $0
What forms do you file for your Connecticut taxes?
C corporations: Form CT-1120
S corporations: Form CT-1120SI
Partnerships: Form CT-1065
Individual: Form CT-1040 Non resident: CT-1040NR
Estimated tax payments?
Form CT 1040ES. Connecticut follows the IRS standards for estimated payments. If you will owe $1000 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
Connecticut Department of Revenue:
Connecticut Department of Revenue
25 Sigourney Street STE 2
Hartford, CT 06106
T: 800-382-9463 or 860-297-5962
If you use Northwest Registered Agent as your Connecticut non profits for only $100.
