Attention Connecticut prepare us

[GeorgeM]

I have a client in Connecticut whose refund was $1066 and she Received $1065.58. Has any other preparer had this happen state of Connecticut now is reducing by pennies. I know things are bad for the state but to reduce a refund by $.42 seems a little odd.

[SaraEA]

All I can think of is perhaps there was a penalty calculated in cents.  Yes, in CT you can get a refund and still get penalized for not paying the right amount of estimates each quarter.  There was a time when CT required you to sum things like individual W-2s and only round the total, so someone who had three W2s each reporting income of XXXX.49 got that extra buck taxed.  Then they completely dropped the cents column from the CT return.  Go figure.

[Lion EA]

CT doesn't show the cents on returns, like the federal.  But, I've seen them compute using the cents, so the refunds are to the penny instead of to the nearest dollar.  I've also seen the feds truncate amounts instead of round off.  Wish they'd make up their minds.  Hard to hit a moving target.