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Ct 1040 Form Fill Out and Sign Printable PDF Template signNow, The budget is said to include the largest income tax cut in connecticut history and includes approximately $500 million in tax relief to connecticut taxpayers,. The state entered this year with more than $37 billion in unfunded.
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The 5% tax rate will be lowered to 4.5%, and the 3% tax rate will be lowered to 2% starting in the 2025 tax year. If so, connecticut will have channeled $8.3 billion in surplus dollars into its pensions since 2020.
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