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The Connecticut Project says last year, 197,000 Connecticut residents claimed the credits, putting $488 million back into their pockets. ... She said she was unaware of the earned income tax credit.
The state credit is worth 41.5% of the federal EITC’s value, meaning it adds an average of $1,061 to a qualifying household’s Connecticut income tax refund, according to nonpartisan analysts.
Some Connecticut lawmakers, along with advocates from the United Way of Connecticut, want to establish a $600 child tax credit for up to three children per family. The plan would phase in at $150 ...
Connecticut is the only state with a broad-based personal income tax that doesn’t account for the cost of raising children. Many Democratic lawmakers here largely have endorsed offering a $600 ...
The bills were titled House Bill 5986, An Act Establishing a Refundable Child Tax Credit against the Personal Income Tax and Senate Bill 740, An Act Establishing a Refundable Child Tax Credit.
The "One Big Beautiful Bill Act" could make it harder to claim a low-income tax credit. If enacted as written, the House-approved measure would require precertification for each qualifying child ...
If you made money last year by working a job or running a business--you might qualify for the Earned Income Tax Credit (EITC). This credit is designed to help middle-class and low-income families ...
You can claim the earned income tax credit by filing federal tax return Form 1040 or 1040-SR, for U.S. seniors. If you have a qualifying child, you’ll be required to file a Schedule EIC.
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.