Earned Income Tax Credit
Connecticut’s Earned Income Tax Credit (CT EITC) is a way to help working individuals and families during these difficult economic times. To qualify for the state credit, Connecticut residents need to be working, earning, and be eligible for the federal earned income tax credit.
What does the EITC program do?
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.
How much of Connecticut EITC is refundable?
23%
Program: Connecticut Earned Income Tax Credit (CT EITC) 2020 Tax Year. Connecticut offers low-income working residents the opportunity to qualify for a credit against the state income tax. The credit is refundable and can result in a tax refund. Residents do have to meet certain criteria to qualify for the 23% credit.
What is the minimum income to claim EIC?
$3,650
To qualify for the EITC, you must: Show proof of earned income. Have investment income below $3,650 in the tax year you claim the credit. Have a valid Social Security number.
Where can I find my CT EITC?
See Informational Publication 2012(9.1), Recordkeeping Suggestions for Self-Employed Persons, or visit the DRS CT EITC website at . You must have claimed the 2013 federal earned income credit to claim the CT EITC.
What do you need to know about Connecticut earned income tax credit?
To qualify for the state credit, Connecticut residents need to be working, earning, and be eligible for the federal earned income tax credit. The pages on this website will give you information so you know exactly what the CT EITC is and what it can mean for you.
When did the CT EITC come into effect?
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.
Do you have to file a joint return to claim the EITC?
Joint return: Your child must not file a joint return with another person (for example, their spouse) to claim the EITC. Related: Qualifying Children for the Earned Income Tax Credit (EITC). Make sure that the child you claim lived with you for more than half of the tax year. Related: Qualifying Children for the Earned Income Tax Credit (EITC).
What should I include on my EITC form?
Make sure you include all your Forms W-2, W-2G, 1099-MISC and all other records of your income. You should also include records of your income even if they aren’t on an IRS form (for example, records you keep for your income as a part-time tutor).
