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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen CTCr - Connecticut Credits (1040)
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Overview
Use this screen to complete Schedule CT-IT Credit.
Earned Income Tax Credit
Use this section to either suppress or complete Schedule CT-EITC.
Enter federal AGI from the state certification letter as if married and filing jointly.
Enter adjusted gross income amount as listed on state certification forms or letters.
Enter federal EIC from the state certification letter as if married filing joint
Enter credit amount as listed on state certification forms or letters.
Tax Credits
Use this section to complete CT 1040/1040NRPY refundable credits and Schedule CT-IT current year credits.
Tax credits reported on Schedule CT K-1 or Schedule CT-1041 K-1
In the statement window, select the type of credit from the drop-down list, and enter the name of the pass-through entity or trust, federal identification number, and amount of credit. Credits entered in the statement window automatically transfer to Schedule CT-IT, Part II.
PE Tax credit
In the statement dialog, enter the name of the pass-through entity or trust, federal identification number, and amount of credit. Credits entered in the statement dialog automatically transfer to Schedule CT-PE. PE Tax credit will datashare automatically from the federal system when available.
Credit Carryovers
Use this section to calculate the amount of Angel investor, Insurance reinvestment fund, and Real estate conveyance tax credit used on Schedule CT-IT.