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4. Tax amount on Line 3. Line 3 of this worksheet on Part II Line 24 of Form CT-6251. Complete the rest of Part II of Form CT-6251 and 5. If the amounts of adjusted alternative minimum taxable 1. Use two columns on Form CT-6251 Schedule A 2. 46. Divide Line 45 by Line 43. Round to four decimal places. 47. Enter the net Connecticut minimum tax from Form CT-6251 Line 21. Department of Revenue Services State of Connecticut Rev. 02/13 Form CT-6251 Co...
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The Connecticut Alternative Minimum Tax, also known as CT AMT, is a supplemental tax that is imposed on certain individuals, trusts, estates, and corporations in Connecticut. It is designed to ensure that these taxpayers pay a minimum amount of tax, regardless of deductions and credits they may be eligible for.
Individuals, trusts, estates, and corporations in Connecticut may be required to file CT AMT if their adjusted gross income or alternative minimum taxable income exceeds certain thresholds set by the Connecticut Department of Revenue Services.
To fill out CT AMT, taxpayers need to complete Form CT-6251, which is the Connecticut Alternative Minimum Tax Return. This form requires taxpayers to provide information about their income, deductions, credits, and adjustments specific to calculating CT AMT. It is recommended to consult a tax professional or refer to the instructions provided with the form for detailed guidance.
The purpose of CT AMT is to ensure that certain individuals, trusts, estates, and corporations in Connecticut with high incomes or substantial tax preferences pay a minimum amount of tax. It helps to prevent these taxpayers from significantly reducing their tax liability through deductions and credits, ensuring a fairer distribution of the tax burden.
On CT AMT, taxpayers must report their adjusted gross income, alternative minimum taxable income, certain tax preferences, exemptions, and various adjustments related to calculating CT AMT. The specific information required can be found in the instructions provided with Form CT-6251.
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