Connecticut HB05134 establishes a refundable child tax credit for taxpayers with incomes below certain thresholds.
Connecticut HB05134 creates a refundable child tax credit for eligible taxpayers. The credit amounts to $600 per child for taxpayers with a federal adjusted gross income of less than $100,000 for single filers and $200,000 or less for married individuals filing jointly. This tax credit aims to provide financial relief to families with children, enhancing their disposable income.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.