Bill > SB00324

This bill establishes a refundable tax credit for caregivers of veterans with service-connected total disabilities in Connecticut. Specifically, the tax credit is available to taxpayers who provide care and support for a family member receiving veterans' disability payments, with two key eligibility requirements: the veteran must reside with the taxpayer for at least six months of the tax year, and the taxpayer's federal adjusted gross income must be $200,000 or less for single filers or $400,000 or less for married couples filing jointly. The tax credit amount will be the lesser of either the total disability payments received by the veteran in a given tax year or $675. As a refundable tax credit, this means that if the credit amount exceeds the taxpayer's tax liability, the excess will be returned to the taxpayer as a direct payment, providing financial support to families caring for disabled veterans.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00324&which_year=2025