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Important Changes to Social Security and Pension Tax Deductions

Posted on January 15, 2019 by admin


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Last session, I joined my legislative colleagues to pass two provisions (included within the bi-annual budget) regarding Social Security Income Deductions and Retirement Income Deductions designed to provide seniors with much-needed tax relief. The first eliminated the income tax on Social Security and the second will phase out the income tax on pensions over the next few years.

**Social Security Income Tax Deduction

Effective for tax years beginning after 2019, individual taxpayers may deduct 100 percent of Social Security income, if federal adjusted gross income (AGI) is less than:

  •  $75,000 for single filers and married taxpayers filing separately;
  •  or $100,000 joint filers and heads of household

Taxpayers with incomes equal to or greater than the thresholds qualify for a 75 percent deduction. The income thresholds are increased from $50,000 and $60,000, respectively.

**Retirement Income Tax Deductions

Effective beginning with the 2019 tax year, individual taxpayers may deduct a portion of retirement income that is included in federal gross income, if federal AGI is below:

  • $75,000 for single filers, married taxpayers filing separately, and heads of households;
  • or $100,000 for married taxpayers filing jointly

To read more about these changes, you can read the Research Report provided by the non-partisan Office of Legislative Research – https://www.cga.ct.gov/2018/rpt/pdf/2018-R-0005.pdf

It is recommended that you consult a certified tax preparer regarding any deduction.

Reps. D’Amelio, Cummings Receive Committee Assignments

Posted on December 20, 2018 by admin


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House Republican Leader Themis Klarides recently announced the 2019-2020 legislative committee assignments and caucus leadership positions for State Representatives Tony D’Amelio (R-71) Stephanie Cummings (R-74).

Representative D’Amelio will continue in his role as a caucus Senior Whip and will serve on the General Law, Aging, and Human Services Committees.

“I’m honored to return to Hartford to represent the people of Middlebury and Waterbury, and I look forward to working on the issues that affect each of us on a daily basis,” Rep. D’Amelio said. “Connecticut is once again facing difficult budget challenges, and while this session will not be easy I’m confident we can stabilize state finances and provide a true pathway forward.”

Representative Stephanie Cummings, who begins her second term representing the 74th General Assembly District of the East End and East Mountain sections of Waterbury, is being promoted to serve as Ranking Member of the Commerce Committee. The Commerce Committee is a small-business-oriented committee that has cognizance over matters concerning the Department of Economic and Community Development.  Ranking Members are the minority party’s designated leaders of joint committees.

In addition to her new role, Rep. Cummings will continue her dedicated service on the legislature’s powerful Judiciary Committee and also serve on the Children’s Committee.

“I want to thank House Republican Leader Klarides for appointing me to serve as ranking member of the Commerce Committee,” Rep. Cummings said. “As a lifelong supporter of Connecticut’s business community, I look forward to working with my colleagues to find ways to bring stability and growth to the local businesses that are the backbone of our state’s economy. Together, we can tackle the difficult issues and move Connecticut forward.”

For more information, and to read descriptions of the duties and responsibilities of each legislative committee please go to www.cga.ct.gov and click on the “Committees” tab.

 

Nighttime Milling and Resurfacing Project, Route 73 in Waterbury

Posted on September 18, 2018 by admin


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The following message comes from the State Department of Transportation and contains information that could impact your travels.

 

The Connecticut Department of Transportation is announcing that a nighttime milling and resurfacing project will be performed on Route 73 in Waterbury, beginning Sunday, September 23, 2018. 

 

The project consists of milling and resurfacing 1.95 miles of Route 73in Waterbury. This project is scheduled to occur from 7:30 p.m. to 5:00 a.m. Sunday, September 23, 2018 to the morning of Monday, October 8, 2018.

 

This project is included in the Department of Transportation’s 2018 Vendor Resurfacing Program.

 

LANE CLOSURE INFO

 

Motorists can expect lane closures on Route 73 between the Watertown town line and the Route 8 Connector. Traffic control personnel and signing patterns will be utilized to guide motorists through the work zone. The regular work schedule for this project is 7:30 p.m. to 5:00 a.m. (Sunday through Thursday)

 

Motorists should be aware that modifications or extensions to this schedule may become necessary due to weather delays or other unforeseen conditions.  Motorists are advised to maintain a safe speed when driving in this vicinity.