HARTFORD, Conn. (AP) — Connecticut's tax bite has become a little less painful.
Some state residents will see small amounts of extra money — between $2 and $20 a week — in their paychecks after a retroactive tax increase ended Dec. 31. The legislature and Gov. Dannel P. Malloy raised the income tax to help close a $3 billion budget shortfall, making the tax increase retroactive to Jan. 1, 2011.
The retroactive increase was in effect for the last five months of 2011.
The Day of New London reports single taxpayers making $50,000 annually and married couples taking in $100,000 a year had an extra $200 withheld from Aug. 1 to the end of the year. The same tax increase will now be spread over a full year.
Those making less money are not expected to see a change.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Sign in or join now to post a comment. All comments will display your username and avatar.
Click the links below to get in touch with your elected officials.