Connecticut HB05022 removes income limits for tax deductions on Social Security, pension, annuity, and IRA distributions.
Connecticut HB05022 amends the state's general statutes to eliminate qualifying income thresholds for personal income tax deductions on Social Security benefits, pension or annuity income, and certain individual retirement account distributions. This change allows all taxpayers, regardless of income level, to claim these deductions, potentially reducing their taxable income.
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