As a result of fiscally responsible budgeting by the legislature and governor, significant tax relief is on the way for many Connecticut taxpayers in 2024.
Three tax relief measures went into effect on January 1, including the largest income tax cut in state history, an increase in a tax credit aimed at the lowest-income workers, and an expansion of exemptions on certain pension and annuity earnings that will benefit seniors.
One million filers will benefit from a decrease in the rates for the two lowest state income tax brackets:
We have a great deal to look forward to in the upcoming days with Thanksgiving celebrations, being together with loved ones, and Small Business Saturday just around the corner on November 25. The latter is a great opportunity to support our local entrepreneurs, artisans, and small businesses that make our community unique and vibrant.
The application period for the 2023-2024 winter season of the Connecticut Energy Assistance Program (CEAP) is open. CEAP provides vulnerable state homeowners and renters with crucial support for the associated costs with heating their homes.