AN ACT ESTABLISHING A CHILD PERSONAL INCOME TAX DEDUCTION.
Connecticut would create a state income tax deduction for dependent children, reducing taxable income for eligible filers and lowering their state tax burden.
Connecticut would create a state income tax deduction for dependent children, reducing taxable income for eligible filers and lowering their state tax burden.
HB 5418 would establish a personal income tax deduction specifically for children in Connecticut. The bill has been referred to the Joint Committee on Finance, Revenue and Bonding for review and would reduce taxable income for filers claiming dependent children.
Child tax deductions directly affect household finances for families with minor dependents by lowering their state tax liability. This could provide meaningful tax relief to working parents and families, though the fiscal impact on state revenue depends on the deduction's size and structure.
Compiled from official sources — confirm details with the bill’s official record.
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