There is only one statewide sales and use tax. There are no additional sales taxes imposed by local jurisdictions in Connecticut. The statewide rate of 6.35% applies to the retail sale, lease, or rental of most goods and taxable services.
What transactions are subject to the sales tax in Connecticut?
- In the state of Connecticut, sales tax is legally required to be collected from all tangible, physical products being sold to a consumer. Several examples of exceptions to this tax are certain types of safety gear, some groceries, certain types of clothing, children’s car seats, children’s bicycle helmets, college textbooks, compact fluorescent light bulbs, most types of medical equipment, and certain motor vehicles.
What is CT tax rate?
The sales tax rate of 6.35% is also high relative to other statewide rates, but because there are no local sales taxes in Connecticut, that is the maximum rate levied anywhere in the state.
Did CT sales tax go up?
HARTFORD, CT — For the first time in decades the state of Connecticut saw sales and income taxes increase 5% and help wipe out part of the state’s budget deficit. The good fiscal news might make it easier for Gov. New state revenue estimates released Friday show sales tax and income tax revenue growing at 5%.
What items are taxable in CT?
Goods that are subject to sales tax in Connecticut include physical property like furniture, home appliances, and motor vehicles. Prescription medicine, non-prescription medicine, and groceries are tax-exempt. Connecticut charges a 8.1% or 25 cent per gallon excise tax rate on the purchase of gasoline.
How do I figure out sales tax?
Multiply the cost of an item or service by the sales tax in order to find out the total cost. The equation looks like this: Item or service cost x sales tax (in decimal form) = total sales tax. Add the total sales tax to the Item or service cost to get your total cost.
What states have no sales tax?
The 5 states without sales tax
- Alaska. Known as ‘The Last Frontier’, Alaska is the most tax-friendly state in the country.
- Delaware. The ‘First State’ also does not charge its residents or visitors any state sales tax.
- Montana.
- New Hampshire.
- Oregon.
- Sales tax isn’t the only tax to consider.
Which state has the highest sales tax?
The five states with the highest average combined state and local sales tax rates are Louisiana (9.55 percent), Tennessee (9.547 percent), Arkansas (9.48 percent), Washington (9.29 percent), and Alabama (9.22 percent).
How much is sales tax on a car in Connecticut?
Sales From Licensed Dealers – If the vehicle was purchased from a licensed dealer, the 6.35% (or 7.75% for vehicles over $50,000) sales and use tax is based on the purchase price. Full trade-in credit is allowed when computing the Connecticut Sales and Use tax, if the vehicle was purchased from a licensed dealer.
What is tax free in CT?
The state’s annual Sales Tax Free Week, which runs through Aug. 21, exempts retail purchases of most clothing and footwear priced under $100 from Connecticut’s 6.35% sales and use tax. The exemption applies to each eligible item costing under $100, regardless of how many of those items a customer purchases.
What purchases are tax exempt?
Organizations that qualify for a sales tax exemption include:
- Charities.
- Educational organizations, such as schools.
- Scientific organizations.
- Literary organizations.
- Religious organizations.
Is Connecticut a high tax state?
Connecticut income taxes for our make-believe middle-class are above average, but not sky high. Sales taxes are also reasonable in Connecticut. There are no local sales taxes in the state, so you’ll pay only the statewide rate of 6.35% (slightly below average) on most of your purchases.
Who has to pay CT state income tax?
You must file a Connecticut income tax return if your gross income for the taxable year exceeds: $12,000 and you are married filing separately; $15,000 and you are filing single; $19,000 and you are filing head of household; or.
Does CT have a standard deduction?
Connecticut does not have a standard deduction.