For Distributive Share Percentage, see the instructions for Part 4 - Member Information, in the Form CT-PET instructions. Legislation makes the pass-through entity tax optional.
Where can I get CT state tax forms?
HOW TO OBTAIN CONNECTICUT TAX FORMS Connecticut state tax forms can be downloaded at the Department of Revenue Services (DRS) website: .ct.gov/drs/ Connecticut tax forms and publications are available at any DRS offices, during tax filing season.
What percentage is withheld for taxes?
Withholding Formula (Effective Pay Period 25, 2024) If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be: Over $0 but not over $7,500 $0 Over $7,500 but not over $13,463 $0 plus 10.0% of excess over $7,500 Over $13,463 but not over $31,738 $596.25 plus 12.0% of excess over $13,4635 more rows Jan 23, 2025
How much should I withhold for CT taxes?
You must begin withholding at the highest marginal rate of 6.99%, from each employee who claimed exempt status from Connecticut income tax withholding in the prior year and who did not provide a new Form CT-W4 on or before February 15 of the current year.
What is taxed at 7.35% in CT?
Higher Connecticut sales tax rates 7.35% : Meals and certain beverages. 7.75% : Most motor vehicles with a sales price of more than $50,000. 7.75% : Items of jewelry, whether real or imitation, with a sales price of more than $5,000.
What is the withholding tax in CT for athletes and entertainers?
3410.3 Exceptions to the Connecticut Athlete and Entertainer Withholding Tax. The State of Connecticut has provided several exceptions to the 6.99% withholding requirement outlined in Section 3410.2, above.
How much CT tax should be withheld?
Its a progressive income tax that ranges from 3% to 6.99%. Connecticut does not have any local city taxes, so all of your employees will pay only the state income tax.
Does Connecticut have withholding tax?
If you maintain an office or transact business in Connecticut and you are considered an employer for federal withholding purposes, you must withhold Connecticut income tax whether or not your payroll department is located in Connecticut.
Related links
Form CT-592
Total Connecticut tax withheld. 2. $. Form CT-592. Athlete or Entertainer Income Tax Withholding Statement. Department of Revenue Services. State of Connecticut.
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