Partner Support is sharing recent industry news announced by the Connecticut Department of Revenue Services with our partners located in CT (and the 3 adjoining states of MA, NY and RI) that may be beneficial to some of the clients you serve.
Please refer to the overview below and click the link provided to access the taxpayer Child Tax Rebate application and additional information.
Information:
Connecticut has recently passed legislation that provides a child tax rebate. This is not an automatic process. Taxpayers must apply for the rebate by submitting an application here: 2022 CT Child Tax Rebate. The deadline to apply is July 31, 2022.
Connecticut is providing a tax rebate to residents for up to 3 children they claimed as dependents on their 2021 federal tax return. The rebate is $250 for each child. The rebate decreases by 10% for every $1,000, or fraction of $1,000, of a taxpayer’s federal adjusted gross income exceeding:
- $100,000 for single taxpayers or married taxpayers filing separately;
- $160,000 for taxpayers filing as a head of household; and
- $200,000 for married taxpayers filing jointly and taxpayers filing as a surviving spouse.
- To claim the rebate, taxpayers must apply electronically to the Connecticut Department of Revenue Services by July 31, 2022.
The rebate is not subject to Connecticut income tax but the rebate is subject income tax withholding if the taxpayer: owes state or municipal taxes or other obligations; or is in default of a student loan made by the Connecticut Student Loan Foundation or the Connecticut Higher Education Supplemental Loan Authority.
Thank You,
Your Partner Support Team |