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Posts Tagged ‘Connecticut Income Tax’
How a Connecticut ‘C’ Corporation can claim the Neighborhood Assistant Act Credit
Connecticut ‘C’ Corporations can avail themselves to the Connecticut Neighborhood Assistance Act Credit.
The concept of the credit is to promote funding for tax exempt and municipal organizations by providing a Connecticut income tax credit for ‘C’ Corporations.
Click here for a List of Approved Program Proposals.
Why Every Week is ‘Mob Week’ for Connecticut Taxpayers
This week is Mob Week on AMC. We get to watch classic Mob movies like The Godfather, Scarface and The Untouchables.
Unfortunately every week is Mob Week for Connecticut taxpayers.
In 2011 the State of Connecticut passed their largest tax increase ever. The highest state income tax rate was increased from 5% to 6.7%.
7 Easy Ways to Decrease Your Income Tax and Keep More Money
1) Maximize Your Contributions to Your 401(k) Plan
Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your retirement plan. If your employer offers a match, you really need to participate in this plan at least to get the match amount.
4 Reasons to do a Roth Conversion
A Roth Conversion is when funds are taken out of an IRA and converted into a Roth IRA. This conversion results in taxable income. Here are 4 Reasons to do a Roth Conversion:
7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return
1) Don't panic. The returns are due on April 17th this year. This is due to April 15th falling on the weekend and April 16th being a holiday in Washington DC. If you can't get your return completed and filed on time, file an extension. The federal form is 4868 and the Connecticut form is CT-1040-EXT. This will allow you until October 15th … Continue reading »
