Form 1042-T for Waterbury Connecticut 2024-2025

Form 1042-T for Waterbury Connecticut: What You Should Know

TPG-030-01. Enter New York income tax withheld from payments made to TPG-011. Enter Connecticut income tax withheld from payments made. Connecticut resident who pays state taxes for Connecticut residents Apr 16, 2025 The state of Connecticut will levy a tax on your non-New York income to pay off the state's share of the federal Social Security and Medicare taxes imposed on the state income tax. This tax is known as the General Sales Tax (GST). However, the federal government imposes an additional tax, known as the New York State tax, on your payment. In Connecticut the state sales tax is 5.9% of all non-New York income. In New York the state sales tax is 5% of all non-New York income. The Connecticut resident who pays the Connecticut state income tax is the state withholding agent and is required to fill out this form on the New York State tax for Connecticut residents. (No form CT-0716) If you reside in Connecticut you must: 1) Make each payment to the Connecticut resident withholding agent to whom you refer each day using this form; 2) Report from this day onwards all payments to the Connecticut resident withholding agent, and submit these reports to the Connecticut Department of Revenue. In the next two weeks the Connecticut Department of Revenue will receive each of these reports to complete the necessary form CT-070-01 (the New York State tax reporting form) and forward the completed forms to the Connecticut Department of Revenue. In this way the New York State tax will be transmitted directly to the Connecticut withholding agent, who must provide the Connecticut Department of Revenue with a copy of these forms. Do not use this form to transmit payment to the Connecticut Department of Revenue if you are a Connecticut resident. Do not use this form to report your New York State taxes for New York residents. Form CT-070-01 only needs the Connecticut resident withholding agent's name, address, and tax identification number. If you are not a Connecticut resident and will be filing this form for New York residents, use CT-0716. Connecticut Resident Withholding Agent Dec 6, 2025 — To report your new taxes to the Connecticut Department of Revenue, the amount you reported on your 2025 federal income tax return: 1. Enter the full amount of your withholding on your 2025 federal income tax return 2. Enter the total amount of state taxes you are required to withhold each month on an updated Connecticut Form 1099.

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