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Stock Option Tax Calculator for Connecticut

Connecticut charges 3-6.99% state income tax. Use the stock option tax calculator pre-loaded with Connecticut rates.

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Connecticut Tax Overview

State Tax Rate
6.99%
3-6.99%
Tax Structure
Graduated
No local income tax
Median Income
$78,000
Household, Connecticut
Cost of Living
111
Above Avg (100 = avg)

Why Use the Stock Option Tax Calculator in Connecticut?

Stock option exercises in Connecticut are subject to up to 6.99% state income tax on top of federal tax. For NSOs, the spread at exercise is ordinary income subject to both federal and Connecticut state tax plus FICA. For ISOs, while there is no regular tax at exercise, the spread counts for AMT purposes and for Connecticut state tax calculations. This calculator helps you plan the optimal time and amount to exercise given Connecticut's tax rates.

Connecticut State Tax Details

Connecticut uses a graduated income tax with brackets ranging from 3-6.99%. Lower income is taxed at lower rates, with the 6.99% top rate applying only to income in the highest bracket. This progressive structure means your effective state tax rate is always lower than the top marginal rate. Connecticut does not have local income taxes, so the state graduated rate is the total state-level income tax burden.

Take-Home Pay in Connecticut at Common Salary Levels

The table below shows what you actually keep at five salary levels in Connecticut, accounting for federal tax, FICA, and Connecticut's graduated (3-6.99%) state tax.

Gross SalaryFederal TaxFICAState TaxTotal TaxTake-HomeEff. Rate
$50,000$3,820$3,825$2,272$9,917$40,08319.8%
$75,000$7,725$5,738$3,408$16,870$58,13022.5%
$100,000$13,225$7,650$4,544$25,419$74,58225.4%
$150,000$24,774$11,475$6,815$43,064$106,93628.7%
$200,000$36,774$14,339$9,087$60,200$139,80030.1%

Stock Options in Nearby Northeast States

See how Connecticut compares to other Northeast states. Each link takes you to the stock option tax calculator landing page for that state.

New Hampshire0% tax
$79,125+$4,544
Rhode Island5.99%
$75,232+$650
Pennsylvania3.07%
$74,555$27
Maine7.15%
$74,478$104
Massachusetts5%
$74,125$457

Explore Connecticut in Depth

For a comprehensive breakdown of Connecticuts tax structure, salary comparisons, cost-of-living analysis, and more, visit the full Connecticut take-home pay page.

The Take-Home Tax Guide
Weekly tips on reducing your tax burden, state tax changes, and salary negotiation strategies. Free.