What are the Connecticut personal exemptions?
An unmarried person or a married person filing separately for federal income tax purposes whose Connecticut adjusted gross income is $24,000 or less is entitled to an exemption of $12,000. Married persons filing jointly for federal income tax purposes whose Connecticut adjusted gross income is $48,000 or less are entitled to an exemption of $24,000. An unmarried person filing as a head of household for federal income tax purposes whose Connecticut adjusted gross income is $38,000 or less is entitled to an exemption of $19,000. The exemptions are phased out as income levels increase. How do I calculate my Connecticut income tax liability? For a typical taxpayer, the tax is figured by starting with your 1991 federal adjusted gross income: Deduct the personal exemption Multiply by the 1991 tax rate of 1.5% Deduct the personal tax credit EXAMPLE: Taxpayers are Married, Filing Jointly. $30,000.00 Federal Adjusted Gross Income -24,000.00 Personal exemption 6,000.00 Connecticut taxable income
