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CT DRS CT-588 2019 4.8 Satisfied (101 Votes)
CT DRS CT-588 2017 4.3 Satisfied (268 Votes)
CT DRS CT-588 2015 4.4 Satisfied (50 Votes)
CT DRS CT-588 2011 4 Satisfied (43 Votes)
CT DRS CT-588 2010 4.3 Satisfied (47 Votes)
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ing to the foundation, the top five states with the highest state and local tax combinations are: New York 12.7% Connecticut 12.6% New Jersey 12.2%
Connecticut has a 6.35% statewide sales tax rate, and does not allow local governments to collect sales taxes. This means that the applicable sales tax rate is the same no matter where you are in Connecticut.
The states with the highest income tax for 2021 include California 13.3%, Hawaii 11%, New Jersey 10.75%, Oregon 9.9%, and Minnesota 9.85%.
Connecticut Income Tax Calculator 2021 Your average tax rate is 11.98% and your marginal tax rate is 22%.
Taxes in New York are higher than Connecticuts for every income group except the poorest 20%, who pay more in state and local taxes in Connecticut than in New York.
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For the 2022 tax year, there are seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax bracket is determined by your filing status and taxable income.
The state has a sales tax slightly below the national average and some of the highest property taxes in the U.S. To find a financial advisor who serves your area, try our free online matching tool. Connecticut is not tax-friendly toward retirees. Social Security income is partially taxed.
Not only is the tri-state area among the highest for tax rates, it also ranks among the highest for the overall cost of living, with Connecticut taking the lead in 1st place, followed by New York in 2nd and New Jersey in 4th place, ing to WalletHub.
Sales Tax Rates There is only one statewide sales and use tax. There are no additional sales taxes imposed by local jurisdictions in Connecticut. The statewide rate of 6.35% applies to the retail sale, lease, or rental of most goods and taxable services.
Basis and Rate Filing StatusConnecticut Taxable IncomeRate of TaxSingle/ Married Filing SeparateNot over $10,0003%Over $10,000$300, plus 4.5% of the excess over $10,000Head of HouseholdNot over $16,0003%Over $16,000$480, plus 4.5% of the excess over $16,0002 more rows

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