Form Ct-1040tcs -Tax Calculation Schedule - Connecticut

Table B - Tax Calculation for 2015 Taxable Year

Enter the tax calculation amount on the Tax Calculation Schedule, Line 4 and continue to Line 5.

Use the ﬁ ling status you expect to report on your 2015 Connecticut income tax return. This is the initial tax calculation

of your tax liability. It does not include personal tax credits, the 3% phase-out or tax recapture.

Single or Married Filing Separately

If the amount on line 3 of the Tax Calculation Schedule is:

Less than or equal to: ..................................................... $ 10,000 ............... 3.00%

More than $10,000, but less than or equal to ................. $ 50,000 ............... $300 plus 5.0% of the excess over $10,000

More than $50,000, but less than or equal to ................. $100,000 .............. $2,300 plus 5.5% of the excess over $50,000

More than $100,000, but less than or equal to ............... $200,000 .............. $5,050 plus 6.0% of the excess over $100,000

More than $200,000, but less than or equal to ............... $250,000 .............. $11,050 plus 6.5% of the excess over $200,000

More than $250,000, but less than or equal to ............... $500,000 .............. $14,300 plus 6.9% of the excess over $250,000

More than $500,000 ..................................................................................... $31,550 plus 6.99% of the excess over $500,000

Single or Married Filing Separately Examples:

Line 3 is $13,000, Line 4 is $450

Line 3 is $525,000, Line 4 is $33,298

$13,000 - $10,000

$3,000

$525,000 - $500,000

= $25,000

$3,000 X .05

$150

$25,000 x .0699

$1,748

$300 + $150

$450

$31,550 + $1,748

= $33,298

Married Filing Jointly/Qualifying Widow(er)

If the amount on line 3 of the Tax Calculation Schedule is:

Less than or equal to: ..................................................... $ 20,000 ............... 3.00%

More than $20,000, but less than or equal to ................. $100,000 .............. $600 plus 5.0% of the excess over $20,000

More than $100,000, but less than or equal to ............... $200,000 .............. $4,600 plus 5.5% of the excess over $100,000

More than $200,000, but less than or equal to ............... $400,000 .............. $10,100 plus 6.0% of the excess over $200,000

More than $400,000, but less than or equal to ............... $500,000 .............. $22,100 plus 6.5% of the excess over $400,000

More than $500,000, but less than or equal to ............... $1,000,000 ........... $28,600 plus 6.9% of the excess over $500,000

More than $1,000,000 ..................................................................................$63,100 plus 6.99% of the excess over $1,000,000

Married Filing Jointly/Qualifying Widow(er) Examples:

Line 3 is $1,100,000, Line 4 is $70,090

Line 3 is $22,500, Line 4 is $725

$1,100,000 - $1,000,000 = $100,000

$22,500 - $20,000

$2,500

$100,000 x .0699

$6,990

$2,500 x .05

$125

$63,100 + $6,990

= $70,090

$600 + $125

$725

Head of Household

If the amount on line 3 of the Tax Calculation Schedule is:

Less than or equal to: ..................................................... $ 16,000 ............... 3.00%

More than $16,000, but less than or equal to ................. $ 80,000 ............... $480 plus 5.0% of the excess over $16,000

More than $80,000, but less than or equal to ................. $160,000 .............. $3,680 plus 5.5% of the excess over $80,000

More than $160,000, but less than or equal to ............... $320,000 .............. $8,080 plus 6.0% of the excess over $160,000

More than $320,000, but less than or equal to ............... $400,000 .............. $17,680 plus 6.5% of the excess over $320,000

More than $400,000, but less than or equal to ............... $800,000 .............. $22,880 plus 6.9% of the excess over $400,000

More than $800,000 ..................................................................................... $50,480 plus 6.99% of the excess over $800,000

Head of Household Examples:

Line 3 is $20,000, Line 4 is $680

Line 3 is $825,000, Line 4 is $52,228

$20,000 - $16,000

$4,000

$825,000 - $800,000

= $25,000

$4,000 x .05

$200

$25,000 x .0699

$1,748

$480 + $200