Form CT-2 (Rev March 2024)-2026

1. Click ‘Get Form’ to open Form CT-2 in the editor.
2. Begin by entering your name, address, and social security number at the top of the form. Ensure this information matches your records.
3. For Line 1, input the taxable compensation paid during the quarter subject to Tier 1 tax. Multiply this amount by 12.4% to calculate the tax owed.
4. Proceed to Line 2 and enter the taxable compensation for Tier 1 Medicare tax. Multiply this figure by 2.9%.
5. On Line 3, report any additional Medicare tax applicable on compensation exceeding $200,000, multiplying it by 0.9%.
6. For Line 4, enter the taxable compensation for Tier 2 tax and multiply it by 13.1%. This applies only up to $125,100.
7. If applicable, enter any credits on Line 5 and calculate total taxes for the quarter on Line 6 by adding Lines 1 through 4 and subtracting Line 5.
8. Finally, sign and date the form before submitting both copies as instructed.

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