The Connecticut Earned Income Tax Credit (or CT EITC) is a refundable state income tax credit for low to moderate income working individuals and families. The state credit mirrors the federal Earned Income Tax Credit.
The U.S. Congress originally approved the federal tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. The Connecticut General Assembly approved the CT EITC during the 2011 legislative session.
When both the federal and CT EITC amounts exceed the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.
To qualify for the CT EITC, you must be eligible for the federal EITC. You must have earned income from employment, self-employment or another source and meet certain rules. In addition, you must either meet the additional rules for Workers without a Qualifying Child or have a child that meets all the Qualifying Child Rules for you.
What are the Eligible earned income amounts?
How do I Protect my earned income tax credit?
To find out more about if you qualify and how much, contact Thomas Fortuna at The Tax Guy at 203-684-3512 or Tom@TheTaxGuy.us