GOVERNOR LAMONT REMINDS CONNECTICUT RESIDENTS: LOW-TO-MODERATE INCOME INDIVIDUALS AND FAMILIES ARE ELIGIBLE FOR SIGNIFICANT BOOST IN INCOME TAX CREDITS THIS YEAR
Newly Enacted Rate Change in the Earned Income Tax Credit Comes in Addition to the Recent Cut in Income Tax Rates for Middle-Income Workers (HARTFORD, CT) – Governor Ned Lamont today is reminding Connecticut residents that thousands of low-to-moderate income individuals and families in the state are eligible to receive a significant boost in tax credits when they file their personal income tax returns this year due to a newly enacted rate change in the Connecticut Earned Income Tax Credit (EITC), which has increased from the most recent rate of 30.5% for the 2022 income year to the new rate of 40% for the 2023 income year. The rate change – which was enacted as a result of the state…
