Instructions For Form Ct-1040 - Connecticut Resident Income Tax - 2012 Page 30

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Example 2: Mary received a property tax bill for a motor
upon your Connecticut adjusted gross income. To be allowed
vehicle listed on her town’s October 1, 2011, grand list.
this credit, you must complete Schedule 3 in its entirety and
The bill was payable in two installments, July 1, 2012, and
attach it to your return.
January 1, 2013. Mary is eligible to take credit for both
Motor Vehicle Credit Restrictions
installments on her 2012 income tax return if she paid both
installments during 2012. If Mary waited until January 1, 2013,
The number of motor vehicles eligible for this credit depends
to pay her second installment, she is not eligible to take credit
on your fi ling status as shown on the front of your Connecticut
on her 2012 return for this installment, but she may be eligible
income tax return. Any individual whose fi ling status is
to take credit for it on her 2013 return.
single, fi ling separately, or head of household is limited
to the property tax paid on one motor vehicle even if the
Maximum Credit Allowed
individual sells a motor vehicle and purchases a replacement
The maximum credit allowed (on your primary residence, motor
motor vehicle during the taxable year and only owns one
vehicle, or both) is $300 per return regardless of fi ling status.
motor vehicle at any time during the taxable year. Individuals
This maximum property tax credit cannot exceed the amount
whose fi ling status is fi ling jointly or qualifying widow(er)
of qualifying property taxes paid or the amount of tax entered
with dependent child are limited to the property taxes paid
on Form CT-1040, Line 10, and is phased out depending
on two motor vehicles.
Property Tax Credit Table
Enter the amount from Form CT-1040, Schedule 3 - Property Tax Credit, Line 65, on Line 68 and Line 11, if your fi ling status is:
Single and your Connecticut AGI is ................................................................................................................. $56,500 or less
Filing jointly or qualifying widow(er) and your Connecticut AGI is .......................................................... $100,500 or less
Filing separately and your Connecticut AGI is ............................................................................................... $50,250 or less
Head of household and your Connecticut AGI is ........................................................................................... $78,500 or less
Otherwise, enter the decimal amount from the Property Tax Credit Table below on Form CT-1040, Schedule 3, Line 66.
Use your fi ling status on the front of your tax return and your Connecticut AGI - Form CT-1040, Line 5.
Filing Jointly or Qualifying Widow(er)
Single
If you are fi ling jointly for federal and Connecticut, fi ling
If you are single and your Connecticut AGI is:
jointly for Connecticut only, or qualifying widow(er) and
your Connecticut AGI is:
More
Less Than
Decimal
More
Less Than
Decimal
Than
or Equal To
Amount
Than
or Equal To
Amount
$ 0
$100,500
0
$ 0
$56,500
0
$56,500
$66,500
.15
$100,500
$110,500
.15
$110,500
$120,500
.30
$66,500
$76,500
.30
$120,500
$130,500
.45
$76,500
$86,500
.45
$130,500
$140,500
.60
$86,500
$96,500
.60
$140,500
$150,500
.75
$96,500
$106,500
.75
$150,500
$160,500
.90
$106,500
$116,500
.90
$160,500
and up
1.00
$116,500
and up
1.00
Filing Separately
Head of Household
If you are fi ling separately for federal and Connecticut or
If you are head of household and your Connecticut AGI is:
fi ling separately for Connecticut only and your Connecticut
AGI is:
More
Less Than
Decimal
More
Less Than
Decimal
Than
or Equal To
Amount
Than
or Equal To
Amount
$ 0
$50,250
0
$ 0
$78,500
0
$50,250
$55,250
.15
$78,500
$88,500
.15
$55,250
$60,250
.30
$88,500
$98,500
.30
$60,250
$65,250
.45
$98,500
$108,500
.45
$65,250
$70,250
.60
$108,500
$118,500
.60
$70,250
$75,250
.75
$118,500
$128,500
.75
$75,250
$80,250
.90
$128,500
$138,500
.90
$80,250
and up
1.00
$138,500
and up
1.00
Page 30

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