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State tax filing
Thank you for getting back to me! I just had two tax advisors tell me that I need to pay state income tax to both NY and estimate payments to CT because I am considered in a higher income bracket. Thus I would be paying CT and NY from my paychecks and it will greatly reduce my cash flow. So essentially, I should not be paying anything to CT because I will pay $8,000 or so to NY and my CT tax rate is around the same $8,050.
I am trying to understand this part from that website "The credit allowed will be the lesser of the tax paid to the other state or the tax which Connecticut imposes on the resident's out-of-state wages."
Is there a way that I can calculate how much I will owe the state of CT for 2022 tax purposes?
March 29, 2022
3:35 PM