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T
ten
June 6, 2019
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Getting incorrect tax rate on MFS for income less than $200K. should be 6% for $$ over $100K. TT calculating at 6.6%. Showing an error of $200.00.

  • June 6, 2019
  • 1 reply
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MY AGI from on the CT return is $131,149. (line 1 and 3) CT tax calc should be $5050. for first $100K, plus 6% of balance.  $31149.00 @6% =$1868.94.  Total $6918.94.  TT form is showing $7118.00 due. The worksheet does not show the calculation

Best answer by AnthonyC

There is an additional tax calculation which must be included in your tax calculation.  For CT AGI over $72,750 for MFS, this add-back would be $200.

See Table C - 3% Tax Rate Phase-Out Add-Back (page 50) -

CT 1040 Instructions 

1 reply

A
AnthonyCAnswer
Employee
June 6, 2019

There is an additional tax calculation which must be included in your tax calculation.  For CT AGI over $72,750 for MFS, this add-back would be $200.

See Table C - 3% Tax Rate Phase-Out Add-Back (page 50) -

CT 1040 Instructions 

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