The IRS on Monday issued adjusted amounts for the child tax credit, the earned income tax credit (EITC), and the premium tax credit (PTC) for 2021, to reflect changes enacted in the American Rescue Plan Act of 2021, P.L. 117-2 (Rev. Proc. 2021-23).
Fully vaccinated and an expert in infectious diseases, Dr. Jaimie Meyer still can’t let go of some pandemic precautions that she knows, logically, she doesn’t need anymore.
Governor Ned Lamont today announced that beginning Tuesday, April 27, 2021, more than 50 providers of COVID-19 vaccines in Connecticut will no longer require an appointment prior to providing individuals with vaccinations. Connecticut residents will be able walk-up to the clinic and receive a vaccination on-the-spot.
Building on the success of Settlement Days and Virtual Settlement Days, the Internal Revenue Service Office of Chief Counsel hosted its first National Virtual Settlement Month in March 2021. The results are impressive.
The largest child care expansion in state history, summer learning camps for nearly 100,000 students, huge investments in worker training and business growth, and a continued focus on COVID-19 vaccinations topped the list of initiatives Gov. Ned Lamont outlined Friday for the latest round of federal pandemic relief.
Beginning on May 19, hundreds of Connecticut restaurants will offer a free drink to customers who order food and can prove they have been vaccinated against the COVID-19 virus, Gov. Ned Lamont said Monday.
Two members of the Senate Finance Committee released a discussion draft of a bipartisan energy tax credit bill Monday that could represent a path forward for Republicans and Democrats.
A close friend of mine had a slight stroke, and it changed his life for the better. He immediately made changes to his lifestyle, eating, and exercise habits. Today, he is healthier, happier, and more productive. All of these changes were things he kept making promises to do "someday," but that turned out to be a very risky idea.
As the legislature’s Finance Committee wrapped its work Thursday, two bills to significantly reshape the municipal property tax were in political limbo.
The legislature’s Finance, Revenue and Bonding Committee approved state income tax cuts Thursday for the poor and middle class and a one-time bailout for restaurants, largely funding them with two tax surcharges on the wealthy and a new levy on digital media ads.
The Finance, Revenue, and Bonding Committee overwhelmingly voted Thursday to send a bill that creates a state-run public option health insurance plan to the Senate.
In a brief statement issued late Thursday night, the SBA said that it had completed rigorous testing on the portal, which was forced to shut down due to technical issues only hours after it opened on April 8. The SBA also provided updated documents and guidance Friday. The agency said that interested applicants should register for an account in advance through the portal.
The Internal Revenue Service and the Treasury Department announced today further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations.
The legislature’s Democrat-controlled Appropriations Committee proposed a budget Wednesday that doesn’t touch the $3.5 billion Rainy Day Fund, but spends about $46 billion over the next two years.
The legislature’s budget-writing committee is recommending that the state spend $180 million more on municipal aid in the fiscal year that begins July 1, a 7.4% increase.
The onset of the pandemic reduced the global flow of goods. But when demand suddenly snapped back, supply chains proved less resilient.
For the second consecutive year, we enter the third week of April with an extended personal income tax filing and payment deadline still ahead of us.
Governor Ned Lamont, State Representative Sean Scanlon (D-Branford, Guilford), State Representative Holly Cheeseman (R-East Lyme, Salem), legislative leaders, the Connecticut AFL-CIO, and the Connecticut Business & Industry Association (CBIA) today announced details of a bipartisan proposal to restore the Unemployment Insurance Trust Fund and reduce taxes on the majority of Connecticut businesses.
Gov. Ned Lamont announced Monday that all public health restrictions due to the pandemic will be lifted May 19 leaving businesses to chart their own course as how to keep consumer confidence while broadening services.
Connecticut’s cannabis legalization effort appeared in danger of a stalemate last week as Gov. Ned Lamont and a crucial group of Democrats in the legislature seemed at odds over the bill’s social equity provisions.