CT HB05121

Amends Connecticut General Statutes Title 12 to create a personal income tax deduction for student loan interest paid by taxpayers.

Allows deduction for taxpayers with any filing status except married filing separately, provided they are not claimed as dependents and are legally obligated to pay interest on qualified student loans.

Limits the maximum deduction to $2,500 per taxpayer for the amount of interest actually paid.

Deduction is prorated or eliminated based on the taxpayer's modified adjusted gross income according to federal tax law thresholds.