Connecticut is a Leader on Tax Relief

Connecticut is a leader on tax relief for low- and middle-income earners.

While other states cut taxes for the wealthy and corporations, Connecticut stands out for providing nearly $500 million in relief for individuals and families.

Highlights of tax relief passed by the CT Legislature this year:

• Lowering the income tax rates to save many middle-class households $300-$500 a year
• Raising the state income tax credit from 30.5% to 40% of the federal Earned Income Tax Credit - providing $210 on average for households earning less than $60,000 per year
• Expanding an existing exemption for certain pension and annuity earnings, providing additional financial security for retirees and those close to retirement​

Read more:
Is CT an ‘emerging bright spot’? This national group thinks so (CT Mirror article)

Center on Budget and Policy Priorities Report