Connecticut Income Tax Credit Summary

Income Tax Credit Summary
Schedule CT-IT Credit Income Tax Credit Summary
Income Tax Credit Summary

(Rev. 12/25)
IT 1225W 01 9999

Taxpayer’s name (if individual)	

2025

Schedule CT-IT Credit

Department of Revenue Services
State of Connecticut

Complete this form in blue or black ink only. See instructions before completing. Please note that each form is year specific.
To prevent any delay in processing your return, the correct year’s form must be attached to Form CT‑1040, Form CT‑1040NR/PY,
Form CT‑1040X, or Form CT‑1041 and submitted to the Department of Revenue Services (DRS). Do not use staples.
Middle initial	 Last name	

Social Security Number (SSN)

If joint return, spouse’s first name	 Middle initial	 Last name	

Spouse’s SSN

Taxpayer’s name (if trust or estate)			

Federal Employer Identification Number

Part 1 Tax Credits Applied to Income Tax Liability
	1.	Income tax liability: Enter amount from Form CT‑1040, Line
12; Form CT‑1040NR/PY, Line 14; Form CT‑1040X, Line 16;
or Form CT‑1041, Line 7.

Column A

Column B

Tax Credit
Limitation

Carryforward from
Previous Income Years

Column C

Column D

2025 Amount
Earned

Amount Applied to 2025
Income Tax Liability

Column E

Column F

Carryforward
Amount to 2026

Carryback
Amount

.00

	 2.	 Youth Development Organization Contribution Tax Credit.

.00 

.00

	 3.	 ABLE Account Tax Credit.

.00 

.00

	 4.	 Birth of a Stillborn Child Tax Credit.

.00 

.00

	 5.	 Employer CHET Contributions Tax Credit.

.00 

.00

	 6.	 Angel Investor Tax Credit.

.00

.00 

.00 

.00

	 7.	 Real Estate Conveyance Tax Credit.

.00

.00 

.00 

.00

.00

.00 

.00 

.00

	8a.	University of Connecticut Incentive Program Tax Credit.

.00 

.00 

.00

	8b.	 Workforce Housing Opportunity Development Tax Credit.

.00 

.00 

.00 

	 9.	 Prior year Connecticut minimum tax.

.00 

.00 

.00

	 8.	 Accredited Theater Production Tax Credit.

.00

	10.	Total Allowable Credits: Add the amounts entered in
Column D. This amount may not exceed the amount
entered in Column A, Line 1. Enter the result here and on
Form CT-1040, Line 13; Form CT-1040NR/PY, Line15;
Form CT-1040X, Line 17; or Form CT-1041, Line 8.

.00

Enter in Column D the amount of the available credit from Column B & Column C that you are applying to your tax liability.
The amount entered in Column D for each credit may not exceed the amount of the credit available.
If claiming multiple credits, you may choose the order in which you apply the credits but the total of all credits applied cannot exceed the amount from Column A, Line 1.
Do not use this schedule to report any pass‑through entity tax credit.
If you have pass‑through entity tax credit, use Schedule CT‑PE, Pass‑Through Entity Tax Credit.

Visit us at portal.ct.gov/DRS for more information.

.00

Schedule CT-IT Credit
Page 2 of 2
(Rev. 12/25)
IT 1225W 02 9999

Your Social Security Number

Part 2 - Tax Credits Reported by Pass‑Through Entity on Schedule CT K‑1 or by a Trust or Estate on Schedule CT‑1041 K‑1
Column A

Type of Tax Credit

Column B

Column C

Name of Pass-Through Entity or Trust

Column D

FEIN

Amount of Credit

	1.

	
	

	

.00

	2.

	
	

	

.00

	3.

	
	

	

.00

	4.

	
	

	

.00

	5.

	
	

	

.00

	6.

	
	

	

.00

	7.

	
	

	

.00

	 8.	 Additional tax credits from attached schedules.

	 	

	

.00

	 9.	 Total: Add Lines 1 through 8.

		

	

.00

Part 3 - Angel Investor Tax Credit
1.	 CII Voucher Number:	

Indicate if you are:	

Original Holder	 

OR	

Assignee




2.	 CII Voucher Number:		

Indicate if you are:	

Original Holder	 

OR	

Assignee



Attach completed Schedule CT‑IT Credit to the back of Form CT‑1040, CT-1040NR/PY, CT‑1040X or CT-1041.

Visit us at portal.ct.gov/DRS for more information.

Schedule CT-IT Credit Instructions
Individuals, Trusts, or Estates

Attach Schedule CT‑IT Credit, Income Tax Credit Summary,
to Form CT‑1040, Connecticut Resident Income Tax Return,
Form CT‑1040NR/PY, Connecticut Nonresident or Part‑Year
Resident Income Tax Return, Form CT‑1040X, Amended
Connecticut Income Tax Return for Individuals, or Form
CT‑1041, Connecticut Income Tax Return for Trusts and
Estates, whenever tax credits from the current taxable year
are being claimed or carryforward tax credit balances exist
from a prior year. Do not use staples. Keep a copy of the
document(s) reporting the amount of your available credit
for your records. The amount of the tax credit is limited to
the taxpayer’s income tax liability.
Trusts or estates may allocate all or a portion of the credit(s)
to the beneficiary(ies). If all or a portion of the credit(s)
is allocated to the beneficiary(ies), the trust or estate
must complete Worksheet B - Worksheet for Schedule
CT‑IT Credit (found in Form CT-1041, Connecticut Income
Tax for Trusts and Estates Return Instructions). The
amount of the tax credit allocable to the trust or estate on
Worksheet B - Worksheet for Schedule CT‑IT Credit, Line 6,
Column D, is the amount earned for purposes of Column C
of this schedule.

Tax Credits With Limited Carryforward Provisions

Any Angel Investor, Real Estate Conveyance, Accredited
Theater Production, Workforce Housing Opportunity
Development, or University of Connecticut Incentive
Program tax credit balance that remains after applying the
tax credits to the current year income tax liability may be
carried forward if the period for claiming the tax credit has
not expired.
Since the carryforward period for each tax credit varies, the
taxpayer must decide how to apply the tax credits with a
carryforward provision based on the remaining carryforward
period. For example, if the accredited theater production tax
credit has only a two‑year carryforward period remaining and
the angel investor tax credit has a five‑year carryforward
period remaining, the taxpayer may choose to apply the
accredited theater production tax credit first.

Credit for Prior Year Connecticut Minimum Tax

A credit for a prior year alternative minimum tax may
be allowed if you do not have a current year alternative
minimum tax liability. Attach Form CT‑8801, Credit for Prior
Year Connecticut Minimum Tax for Individuals, Trusts, and
Estates, to Form CT‑1040, Form CT‑1040NR/PY, Form
CT‑1040X, or Form CT‑1041 if a paper return is filed.
These forms can be downloaded from the DRS website at
portal.ct.gov/DRS.

Schedule CT-IT Credit Instructions (Rev. 12/25)	

Part 1 Line Instructions

Column A:
Enter the 2025 income tax liability from Form CT‑1040, Line
12; Form CT‑1040NR/PY, Line 14; Form CT‑1040X, Line 16;
or Form CT‑1041, Line 7 in Line 1.
Column B:
Line 6 – Enter the amount from your 2024 Schedule CT‑IT
Credit, Line 6, Column E.
Line 7 - Enter the amount from your 2024 Schedule CT‑IT
Credit, Line 7, Column E.
Line 8 - Enter the amount from your 2024 Schedule CT‑IT
Credit, Line 8, Column E.
Line 9 - Enter the amount from your 2024 Schedule CT‑IT
Credit, Line 9, Column E.
Column C:
Line 2 – Enter the amount of the credit reported on the
voucher issued by State of Connecticut Office of Policy and
Management, Schedule CT K‑1, Schedule CT‑1041 K‑1,
or Worksheet B ‑ Worksheet for Schedule CT‑IT Credit for
donations made to youth development organizations.
Line 3 – Enter the amount of contributions made as an
employer into the ABLE account tax credit of employees
during the tax year, reported on Schedule CT K‑1, Schedule
CT‑1041 K‑1, or Worksheet B ‑ Worksheet for Schedule
CT‑IT Credit. Additional documentation may be requested
to support such contributions.
Line 4 – Eligible taxpayers may claim a credit of $2,500 against
their Connecticut income tax liability. This credit is effective for
taxable years commencing on or after January 1, 2022.
Line 5 – Enter 25% of employer contributions made to a
qualifying employee’s Connecticut Higher Education Trust
(CHET) account reported on Schedule CT K-1, or Schedule
CT-1041 K-1. Additional documentation may be requested
to support such contributions.
Line 6 – Enter the amount earned during 2025. This is the
amount on the credit voucher from Connecticut Innovations,
Inc., Schedule CT K‑1, Schedule CT‑1041 K‑1,or Worksheet
B ‑ Worksheet for Schedule CT‑IT Credit.
Line 7 – Certain taxpayers who paid the real estate
conveyance tax at the rate of 2.25% prescribed in Conn.
Gen. Stat. § 12‑494(b)(2)(C) may claim a tax credit against
their income tax liability. Enter the amount from Schedule
CT-1040 REC, Line 7.
Line 8 – Enter the amount earned during 2025. This is the
amount on the final accredited theater production certificate
issued from DECD, or reported on Schedule CT K‑1,
Schedule CT‑1041 K‑1, or Worksheet B ‑ Worksheet for
Schedule CT‑IT Credit.
Line 8a – Enter the amount of the credit reported on the
voucher issued by the University of Connecticut, Schedule
CT K-1, or Schedule CT-1041 K-1 for payments made under
a qualifying agreement.

Line 8b – Enter the amount of the credit reported on the voucher
issued by Connecticut Department of Housing, Schedule CT K-1, or
Schedule CT-1041 K-1 for cash contributions to an eligible developer
for an eligible workforce housing opportunity development project
located in a federally designated opportunity zone.
Line 9 – You must complete Form CT‑8801 before completing this
line Attach Form CT‑8801 to your return if a paper return is filed.
Enter the amount from your 2025 Form CT‑8801, Part 2, Line 24.
Column D:
Enter in Column D the amount of the available credit from
Column B & Column C that you are applying to your tax liability.
The amount entered in Column D for each credit may not
exceed the amount of the credit available. If claiming multiple
credits, you may choose the order in which you apply the
credits, but the total of all credits applied as reflected in Line 10,
Column D cannot exceed the amount from Line 1, Column A.
Column E:
If utilizing the carryback provision for the Workforce Housing
Opportunity Development Tax Credit, first complete Column F.
Subtract Column D and Column F from the total of Column
B and Column C for each applicable line.
Column F:
Enter in Column F the amount of the Workforce Housing
Opportunity Development Tax Credit being claimed within
the preceding five years. Taxpayers must file a CT-1040X to
claim this credit in preceding years and include this Schedule
CT-IT with their return.

Part 2 Tax Credit Reported by Pass‑Through
Entity on Schedule CT K‑1 or by a Trust or
Estate on Schedule CT‑1041 K‑1
Individual, Trust, or Estate

An individual, trust, or estate who is a member of a
pass‑through entity or a beneficiary of a trust or estate must
complete Part 2 of this schedule.
For each credit reported to the individual, trust, or estate
on Schedule CT K‑1 or Schedule CT‑1041 K‑1, enter in
Column A the type of tax credit reported. Enter in Columns B
and C respectively, the name and Federal Employer
Identification Number (FEIN) of the pass‑through entity as
it appears on Schedule CT K‑1 or the name and FEIN of
the trust or estate as it appears on Schedule CT‑1041 K‑1.
Enter the amount of each tax credit in Column D. Attach
additional schedules as needed.

Part 3 Angel Investor Tax Credit
Individual, Trust, or Estate

You must complete Part 3 of this schedule if you are taking
the Angel Investor Tax Credit whether you are the Original
Holder of the Credit or the Credit was assigned, transferred,
or sold to you. Provide the CII Voucher Number and indicate
if you are the Original Holder or the Assignee.
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