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Tax Day is just around the corner, and some lower-and middle-income earners are eligible for major savings. Please look below to learn how much you could save this year thanks to legislation I helped pass in 2023.
A couple of nonprofits in Stamford are receiving state funds to improve their facilities. Keep scrolling to see which amazing organizations are getting major support for our community.
We are approaching the summer season, and that means it's time to get your beach permit! I'll let you know where you can pick up yours this year.
Here are the sections of today's email:
- Major Tax Benefits This Year
- Funding for Stamford Nonprofits!
- Peruvian Dance Competition
- Stamford Beach Permits
- Apply Now For Achievement College Scholarship
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Major Tax Benefits This Year
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Low to middle-income workers in Stamford have some major tax savings to look forward to when they file their personal income tax returns. This year, the Connecticut Earned Income Tax Credit (EITC) increased to 40% compared to 30.5% in 2023. This means that lower-income filers will receive several hundred dollars in additional tax credits.
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The Connecticut EITC is based on the amount of the federal EITC. It is available to those earning less than:
- $56,838 ($63,698 married filing jointly) with 3 or more qualifying children
- $52,918 ($59,478 married filing jointly) with 2 qualifying children
- $46,560 ($53,120 married filing jointly) with 1 qualifying child
- $17,640 ($24,210 married filing jointly) with no qualifying children
It is estimated that approximately 211,000 households in Connecticut are eligible.
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This benefit comes in addition to the income tax cut for middle-income households earning less than $150,000 for single filers and $300,000 for joint filers. Those cuts, which went into effect on January 1, 2024, reduced the two lowest rates of the state’s progressive tax structure by:
- Decreasing the rate on the first $10,000 earned by single filers and the first $20,000 by joint filers from 3% to 2%; and
- Decreasing the rate on the next $40,000 earned by single filers and the next $80,000 by joint filers from 5% to 4.5%
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Funding for Stamford Nonprofits!
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Two nonprofits in Stamford are getting major financial support to better serve the people of our community. ARI of Connecticut will receive more than $1.4 million to renovate the day program facility on Richmond Hill Avenue and to buy vehicles. Inspirica will receive $55,800 for ADA upgrades at the women’s emergency housing complex.
ARI of Connecticut aims to improve the lives of people with disabilities by enabling them to achieve their full potential at home, work, and in the community. The goal is for those folks to achieve a higher level of independence. ARI offers employment, recreation, clinical, and many more services.
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Inspirica strives to break the cycle of homelessness by helping people achieve and maintain permanent housing and stability. The nonprofit is one of only a handful in the nation that is able to address both the physical aspects of homelessness and housing insecurity and its underlying root causes. Support services include a jumpstart career program, job retention, and healthcare.
The state is providing a total of $35.5 million in state grants to nonprofit providers around the state. The grants are coming from Connecticut’s Nonprofit Grant Program. The funds will support capital projects not typically reimbursed through other funding mechanisms. CLICK HERE to learn more.
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Peruvian Dance Competition
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| Dozens of amazing children, teenagers, and young adults showed off their dance skills at the Peruvian “concurso selectivo mundial de marinera.” It was a privilege to see some of the best, young marinera dancers in the world in person! Congratulations to all the participants! |
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Beach permits are now available online and at the Government Center for the beach season for Stamford residents. Permits are required beginning May 1 through September 30.
You can order your permit now with short turnaround times. This can be done when you set up an account using the City of Stamford’s online permitting system.
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Apply Now For Achievement College Scholarship
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| 100 Black Men of Stamford, Inc. invites you to apply for the Achievement College Scholarship Program. Secure up to $5,000 for your academic year and apply again each year of college. Simply submit the application form, essay, recommendation, service confirmation, and transcript by May 15, 2024. |
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| To apply, scan the QR code or click on the graphic above. Questions? Email Scholarship@100BMOS.com and take the first step towards your educational goals! |
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