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CT HB06506
Bill
Status
1/24/2023
Primary Sponsor
Mary Mushinsky
Click for details
AI Summary
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Amends section 12-701 of the general statutes to increase the qualifying income threshold for personal income tax deductions for Social Security benefits from less than $100,000 to less than $125,000 for married individuals filing jointly.
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Increases the qualifying income threshold for personal income tax deductions for pension or annuity income from less than $100,000 to less than $125,000 for married individuals filing jointly.
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Raises the income ceiling by $25,000 for both Social Security benefits and pension or annuity income deductions, allowing more married couples to qualify for these tax deductions.
Legislative Description
An Act Increasing The Qualifying Income Thresholds For The Personal Income Tax Deductions For Social Security Benefits And Pension Or Annuity Income For Married Individuals Filing Jointly.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
1/24/2023