Nearly 200,000 households in Connecticut will benefit from an increase in the state’s Earned Income Tax Credit, Gov. Ned Lamont said.
The governor said in a news release that the Department of Revenue Services will increase the 2020 Earned Income Tax Credit from 23% to 41.5% as directed by the state budget.
Lamont said the increase will “provide needed economic support to low-to-moderate income working individuals and families” who faced negative economic impacts amid the COVID-19 pandemic.
by Lena Wang Am I adulting yet?” Every millennial has asked themselves this catchphrase question. It’s commonly heard from twenty-somethings who have legitimate concerns about how to survive. We feel hopeless and uncertain about the future because our parents didn’t teach us personal finances or how to pick the…
If one consumer advocacy group gets its way, people affected by the Equifax data breach could be compensated from a fund created by the company. That is just one of seven demands proposed by the Consumers Union, the policy and action division of Consumer Reports. The proposals come after the…