The taxpaying investor can’t be a venture capitalist a bank or savings and loan an insurance company or someone who controls more than 50% of the business that’s receiving the investment. Taxpayers who invest at least $25,000 in a qualified Connecticut business may be eligible for a 25% tax credit. Up to 100% of other qualifying retirement benefitsĬonnecticut State Income Tax Credits Angel Investor Tax Credit.Any military retirement pay to the extent it’s included in your federal adjusted gross income.Up to 50% of Connecticut teachers’ retirement pay.Up to $5,000 ($10,000 if married filing jointly) for contributions to Connecticut Higher Education Trust accounts.The state does offer several subtractions to income. Itemized DeductionsĬonnecticut doesn’t use itemized deductions. Income Tax Deductions for Connecticut Standard DeductionĬonnecticut doesn’t offer a standard deduction.
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CT INCOME TAX BRACKETS 2021 FOR FREE
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