Form Ct-1040es - Estimated Connecticut Income Tax Payment Coupon For Individuals - 2014 Page 4
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7Table B - Tax Calculation for 2014 Taxable Year
Enter the tax calculation amount on the Tax Calculation Schedule, Line 4.
Use the fi ling status you expect to report on your 2014 tax return. This initial tax calculation does not include personal tax credits,
3% phase-out add-back, or tax recapture.
Single or Married Filing Separately - If the amount on the Tax Calculation Schedule, Line 3 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 ................................................................................................ $14,300 plus 6.7% of the excess over $250,000
Single or Married Filing Separately Examples:
Line 3 is $525,000, Line 4 is $32,725
Line 3 is $13,000, Line 4 is $450
$525,000 - $250,000
=
$275,000
$13,000 - $10,000
=
$3,000
$275,000 x .067
=
$18,425
$3,000 X .05
=
$150
$14,300 + $18,425
=
$32,725
$300 + $150
=
$450
Married Filing Jointly/Qualifying Widow(er) - If the amount on the Tax Calculation Schedule, Line 3 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 ................................................................................................ $28,600 plus 6.7% of the excess over $500,000
Married Filing Jointly/Qualifying Widow(er) Examples:
Line 3 is $22,500, Line 4 is $725
Line 3 is $1,100,000, Line 4 is $68,800
$22,500 - $20,000
=
$2,500
$1,100,000 - $500,000
=
$600,000
$2,500 x .05
=
$125
$600,000 x .067
=
$40,200
$600 + $125
=
$725
$28,600 + $40,200
=
$68,800
Head of Household - If the amount on the Tax Calculation Schedule, Line 3 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 ................................................................................................ $22,880 plus 6.7% of the excess over $400,000
Head of Household Examples:
Line 3 is $825,000, Line 4 is $51,355
Line 3 is $20,000, Line 4 is $680
$825,000 - $400,000
=
$425,000
$20,000 - $16,000
=
$4,000
$425,000 x .067
=
$28,475
$4,000 x .05
=
$200
$22,880 + $28,475
=
$51,355
$480 + $200
=
$680
Table C - 3% Phase-Out Add-Back
Enter the phase-out amount on the Tax Calculation Schedule, Line 5.
Use the fi ling status you expect to report on your 2014 tax return and your Connecticut AGI * (Tax Calculation Schedule, Line 1)
to determine your phase-out amount.
Married Filing Jointly or
Single
Married Filing Separately
Head of Household
Qualifi ed Widow(er)
Connecticut AGI*
Connecticut AGI*
Connecticut AGI*
Connecticut AGI*
3%
3%
3%
3%
More Than Less Than Phase-Out More Than Less Than Phase-Out More Than Less Than Phase-Out More Than Less Than Phase-Out
or Equal To Add-Back
or Equal To Add-Back
or Equal To Add-Back
or Equal To Add-Back
$
0
$ 56,500
$
0
$
0
$100,500
$
0
$
0
$50,250
$
0
$
0
$ 78,500
$
0
$ 56,500
$ 61,500
$ 20
$100,500
$105,500
$ 40
$50,250
$52,750
$ 20
$ 78,500
$ 82,500
$ 32
$ 61,500
$ 66,500
$ 40
$105,500
$110,500
$ 80
$52,750
$55,250
$ 40
$ 82,500
$ 86,500
$ 64
$ 66,500
$ 71,500
$ 60
$110,500
$115,500
$120
$55,250
$57,750
$ 60
$ 86,500
$ 90,500
$ 96
$ 71,500
$ 76,500
$ 80
$115,500
$120,500
$160
$57,750
$60,250
$ 80
$ 90,500
$ 94,500
$128
$ 76,500
$ 81,500
$100
$120,500
$125,500
$200
$60,250
$62,750
$100
$ 94,500
$ 98,500
$160
$ 81,500
$ 86,500
$120
$125,500
$130,500
$240
$62,750
$65,250
$120
$ 98,500
$102,500
$192
$ 86,500
$ 91,500
$140
$130,500
$135,500
$280
$65,250
$67,750
$140
$102,500
$106,500
$224
$ 91,500
$ 96,500
$160
$135,500
$140,500
$320
$67,750
$70,250
$160
$106,500
$110,500
$256
$ 96,500
$101,500
$180
$140,500
$145,500
$360
$70,250
$72,750
$180
$110,500
$114,500
$288
$101,500
and up
$200
$145,500
and up
$400
$72,750
and up
$200
$114,500
and up
$320
* Form CT-1040NR/PY fi lers must use income from Connecticut sources if it exceeds Connecticut adjusted gross income.
Form CT-1040ES (Rev. 01/14)
Page 4 of 6
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