The finance committee proposed a 1.75% surcharge on capital gains earnings on individuals making over $1 million and couples ...

However, not filing could mean missing out on refundable credits like the Earned Income Tax Credit or Child Tax Credit. The IRS estimates nearly 1 million taxpayers fail to file each year and forfeit ...

Under proposals advanced by Connecticut's Finance, Revenue and Bonding Committee, families would see a child tax credit, while the wealthy would pay more taxes.

As Republicans work to draft tax legislation for the 2025 federal budget package, lawmakers have introduced bipartisan ...

The child tax credit would take effect with the 2026 filing year. Families could claim $150 per child for up to three ...

On the other hand, some tax credits, such as the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC), may delay the issuance of the refund. Despite the possible delays, thousands of ...

Democratic lawmakers set up a clash Wednesday night with Gov. Ned Lamont by voting for a capital gains surcharge on the state’s wealthiest residents. Lamont, a wealthy Greenwich entrepreneur who ...

Three states — Colorado, Texas and Florida — were excluded from the study due to missing data. According to the study, CEOs in Connecticut earned an average salary of about $394,000 in 2024. Need a ...

Connecticut's Ferraris, Lamborghinis, McLarens and other expensive cars have gotten a lot less valuable in the past year, at least in the eyes of tax assessors. Most car owners will see a tax ...

An analysis provided by Citizens’ Climate Lobby shows that eight companies in PA-15 have initiated solar energy projects with aid from the clean energy tax credits. Andrew Caballero-Reynolds TNS ...

This means, for example, that the Nov. 3 deadline will now apply to individual income tax returns and payments normally due on April 15 and other tax return items including: • 2024 contributions ...

Not counting the Recovery Rebate Credit, the median refund for non-filers from 2021 was about $781. Many lower- and moderate-income workers could have also be missing out on the Earned Income Tax ...