HB 5022·CT·house
AN ACT ELIMINATING THE QUALIFYING INCOME THRESHOLDS FOR THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS, PENSION OR ANNUITY INCOME AND CERTAIN INDIVIDUAL RETIREMENT ACCOUNT DISTRIBUTIONS.
In CommitteeFiled Feb 4, 2026
Sponsor: Jason Buchsbaum
Latest Action
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
Feb 4, 2026
Summary
HB 5022 proposes amending Connecticut statutes to eliminate the income thresholds that currently restrict personal income‑tax deductions for Social Security benefits, pension or annuity income, and certain IRA distributions. The change would allow any taxpayer receiving these types of income to claim the deduction, regardless of how much they earn. This aims to simplify the tax code and broaden tax relief for retirees and savers.
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