Connecticut HB05192 establishes a personal income tax deduction for tips or gratuities.
Connecticut HB05192 amends section 12-701 of the general statutes to allow a personal income tax deduction for the amount of tips or gratuities declared by a taxpayer for a taxable year. This means taxpayers can deduct the value of tips or gratuities they report, potentially reducing their taxable income. The deduction applies to tips or gratuities declared by the taxpayer for a given tax year.
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