Schedule Ct-It Credit - Income Tax Credit Summary - 2015
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1
2
3
4Department of Revenue Services
Schedule CT-IT Credit
2015
State of Connecticut
Income Tax Credit Summary
(Rev. 12/15)
IT 00 15W 01 9999
Complete this form in blue or black ink only. See instructions before completing.
Taxpayer’s name (if individual)
Middle initial Last name
Social Security Number (SSN)
If joint return, spouse’s fi rst name Middle initial Last name
Spouse’s SSN
Taxpayer’s name (if trust or estate)
Federal Employer Identifi cation Number
Part I -
Column A
Column B
Column C
Column D
Column E
Tax Credit Limitation
Carryforward From
2015 Amount Earned
Amount Applied to
Carryforward Amount
Tax Credits Applied to Income Tax Liability
Previous Income Years
2015 Income Tax Liability
to 2016
1. Income tax liability: Enter amount from Form CT-1040,
Line 12; Form CT-1040NR/PY, Line 14; Form CT-1040X,
.00
Line 16; or Form CT-1041, Line 7.
2. Reserved for future use.
3. Reserved for future use.
4. Job Expansion Tax Credit: Enter in Column D the lesser
.00
.00
of Line 4, Column C, or Line 1, Column A.
5. Balance of income tax liability: Subtract Line 4, Column D,
.00
from Line 1, Column A. If less than zero, enter “0.”
6. Angel Investor Tax Credit: Enter in Column D the lesser
of the total of Line 6, Column B and Column C, or Line 5,
.00
.00
.00
.00
Column A.
7. Balance of income tax liability: Subtract Line 6, Column D,
.00
from Line 5, Column A. If less than zero, enter “0.”
8. Insurance Reinvestment Fund Tax Credit from Form CT-IRF:
Enter in Column D the lesser of the total of Line 8, Column B
.00
.00
.00
.00
and Column C, or Line 7, Column A.
9. Balance of income tax liability: Subtract Line 8, Column D,
.00
from Line 7, Column A. If less than zero, enter “0.”
10. Prior year Connecticut minimum tax: Enter in Column B the
amount from your 2014 Schedule CT-IT Credit, Line 10,
Column E. Enter in Column D the lesser of your 2015 Form
CT-8801, Part II, Line 30, or Schedule CT-IT Credit, Line 9,
.00
.00
.00
.00
Column A.
11. Total allowable credits:
Add Column D on Lines 4, 6, 8, and 10. Enter the total here
and on Form CT-1040, Line 13; Form CT-1040NR/PY,
.00
Line 15; Form CT-1040X, Line 17; or Form CT-1041, Line 8.
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