Form CT-8801 Credit for Prior Year Connecticut Minimum Tax for Individuals, Trusts, and Estates - Connecticut

What Is Form CT-8801?

This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CT-8801?
A: Form CT-8801 is a tax form used to claim a credit for prior year Connecticut minimum tax for individuals, trusts, and estates.

Q: Who can use Form CT-8801?
A: Individuals, trusts, and estates that paid Connecticut minimum tax in a previous year may use Form CT-8801 to claim a credit for that tax.

Q: What is the Connecticut minimum tax?
A: The Connecticut minimum tax is a tax imposed on individuals, trusts, and estates that have certain types of income or that meet specific criteria.

Q: How does the credit for prior year Connecticut minimum tax work?
A: The credit allows individuals, trusts, and estates to reduce their current year Connecticut income tax liability by the amount of minimum tax paid in a previous year.

Q: Can the credit for prior year Connecticut minimum tax be carried forward to future years?
A: Yes, any unused credit can be carried forward for up to five years to reduce future Connecticut income tax liability.

Q: When is Form CT-8801 due?
A: The due date for Form CT-8801 is the same as the due date for the individual, trust, or estate income tax return, which is typically April 15th.