Income Tax Credit for Property Taxes Paid (Circuit Breaker)

Connecticut

2020

Benefit Varies with Income

Circuit Breaker

Taxpayers receive a non-refundable income tax credit for all or a portion of their property taxes for their primary residence or motor vehicles. The amount of the credit is determined by income and marital status, with a maximum credit of $200. The credit is reduced by 15% for every $10,000 or a fraction thereof in adjusted gross income above $49,500 for unmarried individuals; $35,200 for married filing separately; $54,500 for heads of household; and $70,500 for married households.

Credit to the income tax bill

Residential

Other

This credit applies to property taxes paid on a primary residence or motor vehicle.

Age

Homeowner

Income Ceiling

Principal Residence

Other Criteria

To qualify, taxpayers must have paid property taxes on their primary residence or motor vehicle. In addition, the claimant or spouse must be at least 65 years old or have claimed a dependent on their federal income tax. The amount of the credit, up to a maximum of $200, is determined by income and marital status. The maximum income is $109,500 for a single filer; $65,250 for a married filing separately; $114,500 for head of household and $130,500 for filing jointly.

Local government is unable to exercise an option

No local option regarding program features

State reimburses all of the local government tax loss

The state issues a credit directly to the taxpayer.

CT107_RR20