What are the tax deductions and credits available in Connecticut?
Asked a year ago
Connecticut offers several tax deductions and credits to help reduce your tax liability. Some common deductions include mortgage interest, property taxes, and medical expenses exceeding a certain threshold. Additionally, individuals may claim a standard deduction or choose to itemize deductions for greater benefits. CT also provides various tax credits, such as the Earned Income Tax Credit (EITC) for low-income households and the Child and Dependent Care Credit, which helps offset child care expenses. Other notable credits include the Business Tax Credit and various energy-related credits for residential and commercial properties. However, it's important to consult the state's tax website or a tax professional for specific eligibility criteria and up-to-date information on available deductions and credits.
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