Connecticut Governor Lamont Directs Increase in Earned Income Tax Credit to Benefit Lower-Income Taxpayers

Ned Lamont

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.

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Six Every Day Things Millennials Can Do to Save Money

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…

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