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The increase in penalties is intended to improve compliance and increase penalty income. In summary the changes are as follows: First tier penalties for late filing (up to 30 days after the January 31st deadline) increased from $15 to $30 per occurrence with the maximum increasing from $75,000 to $250,000 per year
The following states reduce Social Security taxes based on age or income: Trending Now: Connecticut: Retirees whose annual adjusted gross income is more than $75,000 for a single filer and ...
Of home-sale transactions that closed in March 2014, the median home in Connecticut sold for $225,000, up 3.2% from March 2013. [24] Connecticut ranked ninth nationally in foreclosure activity as of April 2014, with one of every 887 residential units involved in a foreclosure proceeding, or 0.11% of the total housing stock., [25] including City Place I and the Traveler's Tower, both housing ...
To help fund the Civil War effort, President Abraham Lincoln signed the Revenue Act of 1862, which established a temporary income tax. [18] [19] The Revenue Act included a deduction for state and local taxes, as well as national taxes. [17] [20] This Civil War-era income tax was repealed in 1871.
2024 Connecticut Republican presidential primary [3] April 8 – In college basketball, Connecticut repeats as national champions, becoming the first program to do so since the Florida Gators did so in 2006 and 2007. [4] August 19 – Two people are killed by flooding in Oxford. [5] November 5 – 2024 Connecticut House of Representatives ...
(September 2024) (Learn how and when to remove this message) A Health Reimbursement Arrangement , also known as a Health Reimbursement Account ( HRA ), [ 1 ] is a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and, in limited cases, to pay for health insurance plan premiums.
New Canaan is the wealthiest town in Connecticut, with a per capita income of $105,846. Hartford is the poorest municipality in Connecticut, with a per capita income of $16,798 in 2020. [171] At the county level, per capita income ranged from $48,295 in Fairfield County to $26,585 in Windham County, which is close to the United States average ...
The flag of Connecticut. Connecticut (/ k ə ˈ n ɛ t ɪ k ə t / ⓘ kə-NET-ik-ət) is a state in the New England region of the Northeastern United States. It borders Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capital is Hartford, and its most populous city is Bridgeport.