Connecticut is a Leader on Tax Relief

July 19, 2023

My colleagues and I delivered on our promise to lower taxes for those who need the most help. According to a report from the Center on Budget and Policy Priorities, Connecticut is a leader on tax relief for low and middle income earners. While other states cut taxes for the wealthy and corporations, Connecticut stands out for providing nearly $500 million in relief for individuals and families.

Here are some of the highlights of tax relief passed this year:

  • Lowering the income tax rates to save many middle class households $300-$500 a year
  • Raising the state income tax credit from 30.5% to 40% of the federal Earned Income Tax Credit - providing $210 on average for households earning less than $60,000 per year
  • Expanding an existing exemption for certain pension and annuity earnings, providing additional financial security for retirees and those close to retirement

Read More About Tax Relief in CT

We know that when our most vulnerable get the support they deserve, they can support Connecticut's continued growth.