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Ct Eitc Seq Form

Ct Eitc Seq Form

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all right for this video i wanted to cover the connecticut earned income tax credit so we're all very familiar with the federal earned income tax credit which is reported on your form 1040 but many states in the u.s connecticut included have their own state version of the earned income tax credit so the first step is always to prepare your form 1040 first right and the reason for this is connecticut like a lot of states they will compute the state credit based on a percentage of the federal so you have to compute your federal earned income tax credit first in order to get the state portion so we've got our sample return here this is john q taxpayer he's a single filer and he has no children but his income falls below the thresholds for the earned income tax credit qualification so remember it's generally easier to get the earned income tax credit if you have qualifying children but if you don't have any children you can still get it so john his wages here 18 000 and he has some investm

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