Income Tax Rates Connecticut

Connecticut has a set of progressive income tax rates meaning how much you pay in taxes depends on how much you earn.

Income tax rates connecticut. 2020 connecticut tax tables with 2021 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. Connecticut state income tax rate table for the 2019 2020 filing season has seven income tax brackets with ct tax rates of 3 5 5 5 6 6 5 6 9 and 6 99 for single married filing jointly married filing separately and head of household statuses. More specifically up until 1991 only capital gains interest and dividends were taxed. Connecticut collects a state income tax at a maximum marginal tax rate of spread across tax brackets.

Connecticut s maximum marginal income tax rate is the 1st highest in the united states ranking directly below. This page has the latest connecticut brackets and tax rates plus a connecticut income tax calculator. Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower. Connecticut income tax rate 2019 2020.

As table 1 shows connecticut s 4 5 flat income tax rate applied from 1991 through 1995. Subtract the biweekly reduced withholding amount reflected on line 3 of the ct w4 from the result of step 8 to obtain the biweekly connecticut tax withholding. Your average tax rate is 20 77 and your marginal tax rate is 34 65 this marginal tax rate means that your immediate additional income will be taxed at this rate. Like the federal income tax connecticut s income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers.

There are seven tax brackets that range from 3 00 to 6 99. In 1996 the legislature first imposed a dual bracket rate structure with rates of 3 and 4 5. Today those income sources as well as wages and salaries are taxed at marginal rates between 3 and 6 99. Connecticut s personal income tax is a relatively recent development.

Residents of connecticut don t have to pay local taxes as there are no cities or towns in the state that charge their own income taxes. This means that these brackets applied to all income earned in 2016 and the tax return that uses these tax rates was due in april 2017. If you make 55 000 a year living in the region of connecticut usa you will be taxed 11 422 that means that your net pay will be 43 578 per year or 3 632 per month. Connecticut s 2020 income tax ranges from 3 to 6 99.

Both connecticut s tax brackets and the associated tax rates were last changed three years prior to 2017 in 2014.