Bill > HB05411

This bill proposes to amend section 12-701 of the general statutes to create a new personal income tax deduction for parents, allowing them to deduct $2,000 for each child they have when filing their state income taxes. By providing this tax deduction, the bill aims to offer financial relief to families with children, effectively reducing the overall tax burden for parents in the state. The deduction would allow taxpayers to subtract $2,000 from their taxable income for each qualifying child, which could result in meaningful tax savings depending on the individual's tax bracket and total number of children. While the bill does not specify age restrictions or other qualifications for the children, it represents a straightforward approach to providing tax support for families by directly reducing their taxable income.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05411&which_year=2025