The Connecticut child tax credit is being advocated to be permanent and fully refundable to help those in poverty.
Permanent Connecticut Child Tax Credit
The Connecticut Nonprofit Child Tax Credit Coalition is advocating for a permanent Connecticut child tax credit. If approved, the Connecticut child tax credit will be a fully refundable child tax credit of $600 per year per child.
If the Connecticut child tax credit is approved, it will help reduce child poverty and create a fair tax system for everyone. Lawmakers believe the Connecticut child tax credit could benefit 75 percent of families in the state.
According to a published article by SmartNews, currently, 39 percent of families are struggling to make ends meet so the approval of the Connecticut child tax credit is a lot more important.
Two Proposals Regarding Tax Relief
In a published article by News 12 – Connecticut, Connecticut lawmakers are considering two proposals to provide tax relief to parents, one being the Connecticut child tax credit.
Democrats are proposing a Connecticut child tax credit of up to $150 per family with three children, increasing to a total of $1,800 over four years and phasing out for families making over $160,000 per year.
Republicans are suggesting a $2,000 tax deduction per child for all parents in line with the Connecticut child tax credit.
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