How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Robin D. Your Own Question

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 7331
Experience:  15years with H & R Block. Divisional leader, Instructor
14155347
Type Your Tax Question Here...
Robin D. is online now
A new question is answered every 9 seconds

Hello, I am relocating to Connecticut from North Carolina and

Customer Question

Hello, I am relocating to Connecticut from North Carolina and would like to know the Income tax impact of this change My salary will be 170K and we are a family of 4. would you be able to provide advise? thanks
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.

Robin D :

Hello and thank you for using Just Answer,
Your federal tax will not really change but the states are not the same in their exemptions and rates.
As you probably know NC has rates for tax Low – 6.0%; High – 7.75%. Conn rates are Low – 3.0%; High – 6.7%.
NC standard deductions are Single – $3,000; Married filing jointly – $6,000. Conn does not have a standard deduction, they do have very high personal exemptions, Single – $13,000; Married – $24,000; Dependents where as NC uses the same amount as federal.

Robin D :

The rate of tax for Connecticut taxable income for taxpayers filing jointly and qualifying widow(er) with dependent child is:




  • 3% on the first $20,000;



  • 5% of the excess over $20,000, but not over $1,000,000; and



  • 6.5% of the excess over $1,000,000.


Robin D :

I can only use the 2012 info to estimate but this is what your salary would be estimated for in Conn
<align=center>2012 TAX CALCULATION SCHEDULE























































1. Enter Connecticut AGI from Form CT-1040, Line 5, or Form CT-1040NR/PY*, Line 7.1$170,000.00
2. Enter exemption from Table A, Exemptions. If zero, enter '0.'2$0.00
3. Connecticut Taxable Income: Subtract Line 2 from Line 1. If less than zero, enter '0'.3$170,000.00
4. Tax Calculation: See Table B, Tax Calculation.4$8,450.00
5. Enter the amount from Table C, 3% Tax Rate Phase-Out Add-Back. If zero, enter '0'.5$400.00
6. Enter the amount from Table D, Tax Recapture. If zero, enter '0'.6$0.00
7. Connecticut Income Tax: Add Line 4, Line 5 and Line 6.7$8,850.00
8. Enter decimal amount from Table E, Personal Tax Credits. If zero, enter '0.'80.00
9. Multiply the amount on Line 7 by the decimal amount on Line 8.9$0.00
10. Connecticut Income Tax: Subtract Line 9 from Line 7.
Enter this amount on Form CT-1040, LineXXXXX1040NR/PY*, Line 8.
10$8,850.00

Robin D :

Now the above does not take into consideration any withholding but shows you the rate of tax on your income level.

Robin D :

If you would like to read more about Conn and all the taxes for that state (not just income) here is a link
http://www.ct.gov/drs/cwp/view.asp?A=1510&Q=472218

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.