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CT HB05408
Bill
Status
3/9/2022
Primary Sponsor
Finance, Revenue and Bonding Committee
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AI Summary
HB 5408 Summary
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Increases the income threshold for married couples filing jointly to qualify for full Social Security benefits deductions from $100,000 to $150,000 starting January 1, 2022
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Raises the threshold for partial Social Security deductions for married filing jointly filers from $100,000 to $150,000, beginning January 1, 2022
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Increases the income threshold for married filing jointly taxpayers to claim full pension and annuity income deductions from $100,000 to $150,000, effective January 1, 2022
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Raises the threshold for married filing jointly taxpayers claiming distributions from individual retirement accounts from $100,000 to $150,000, starting January 1, 2022
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Effective July 1, 2022, and applies to taxable years commencing on or after January 1, 2022
Legislative Description
An Act Concerning The Qualifying Income Thresholds For Certain Personal Income Tax Deductions For Married Individuals Filing Jointly.
Last Action
File Number 599
4/25/2022