How is state tax calculated
For Immediate Release: Wednesday, August 24, 2011
Hartford – The Connecticut Department of Revenue Services (DRS) today announced the early release of the agency’s annual electronic Income Tax Calculator. DRS Commissioner Kevin B. Sullivan said the free calculation program is another tool residents can use to determine the impact of the new state income tax changes.
Commissioner Sullivan said, “While the department has released information describing the new state income tax and withholding changes, the main question taxpayers want answered is, “How will this affect me?’ The early release of the annual income tax calculator will let taxpayers know how much they can expect to owe in 2011 Connecticut Income Tax without having to calculate it themselves.”
Commissioner Sullivan said the program asks Taxpayers to enter their filing status and expected Connecticut Adjusted Gross Income. The program then takes the user to a page that show both the tax due for
the amount entered, and each of the steps used to calculate the tax.
“Information is the most important tool we can give taxpayers to help them comply with state law,” Commissioner Sullivan said. ‘Using the income tax calculator will give taxpayers a better understanding of how the tax is being calculated and how much they will owe. Then, if they need to, taxpayers can use this information to adjust their withholding or make an estimated income tax payment.”
The 2011 Income Tax Calculator can be found on the DRS website by selecting Individuals from the options on the left-hand side of the page.
Find information about various tax matters on the DRS website at www.ct.gov/DRS. Customer service callers should dial (800) 382-9463 (within Connecticut. but outside the Greater Hartford area) or (860) 297-5962 (from anywhere).
Media calls only should be directed to the communications office at (860) 297-5610, or email@example.com.Source: www.ct.gov