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Connecticut has about 195,000 households that receive the state’s Earned Income Tax Credit, a program to help the working poor cover basic needs and increase savings.
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 ...
Connecticut Gov. Ned Lamont and state lawmakers reached a deal on the state’s $55 billion two-year budget by agreeing to scrap a child tax credit for the middle class.
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.
Connecticut has about 195,000 low-income households that receive the state’s Earned Income Tax Credit, a program to help the cover basic needs and increase savings.
If you're self-employed or earn other non-wage income, you may owe estimated taxes every quarter. CNBC Select explains how it works and when payments are due.