Increases the personal income tax deduction for contributions to 529 qualified state tuition programs from $5,000 to $15,000.
HB05103 amends the general statutes to increase the personal income tax deduction for contributions to 529 qualified state tuition programs from $5,000 to $15,000. This change aims to provide greater tax benefits for individual taxpayers contributing to these education savings accounts, potentially encouraging more families to save for future educational expenses.
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